Limpopo secured investment commitments exceeding 170 billion rand during a two-day economic summit held at the Ranch Hotel near Polokwane. A memorandum of understanding worth 9.5 billion rand with Saudi Arabia emerged as the headline agreement, establishing plans for a platinum group metals smelter and base metals refinery in the Waterberg district. The facilities will process raw minerals domestically rather than exporting unrefined materials.
Premier Phophi Ramathuba described the Saudi partnership as a starting point for development in the mineral-rich Waterberg region. Saudi Arabia's Ministry of Investment and Ajlan & Bros Mining joined provincial authorities in the agreement. Additional pledges came from multiple sources, with Synergy Fuel Terminal committing 2.4 billion rand for energy infrastructure and MP3 Mining & Engineering pledging 1 billion rand toward mining operations. Smaller commitments supported pharmaceutical production, retail centers, and agricultural technology.
The conference surpassed the previous year's 120 billion rand target. Economic development officials presented the Limpopo Investment Book 2025, highlighting 32 billion rand in opportunities across renewable energy projects and processing centers. The province aims to leverage special economic zones in Fetakgomo Tubatse and Musina-Makhado for manufacturing expansion.
Premier Phophi Ramathuba described the Saudi partnership as a starting point for development in the mineral-rich Waterberg region. Saudi Arabia's Ministry of Investment and Ajlan & Bros Mining joined provincial authorities in the agreement. Additional pledges came from multiple sources, with Synergy Fuel Terminal committing 2.4 billion rand for energy infrastructure and MP3 Mining & Engineering pledging 1 billion rand toward mining operations. Smaller commitments supported pharmaceutical production, retail centers, and agricultural technology.
The conference surpassed the previous year's 120 billion rand target. Economic development officials presented the Limpopo Investment Book 2025, highlighting 32 billion rand in opportunities across renewable energy projects and processing centers. The province aims to leverage special economic zones in Fetakgomo Tubatse and Musina-Makhado for manufacturing expansion.
