TIFA announces exciting investment opportunities in Richards Bay
- Dylan Naidoo
- 2 hours ago
- 2 min read
By: Dylan Naidoo
Richards Bay is a coastal city situated on a 30 square km lagoon off the Mhlatuze River. The once small fishing village has transformed into one of South Africa’s largest harbours and boasts one of Africa’s largest coal export terminals, exporting an estimated 65 million tons per year. The coastal city is not without its attractions, however, as Richards Bay remains a popular holiday destination in KwaZulu-Natal (KZN), with features such as the Enseleni Nature Reserve and the Pelican Island. As such, Richards Bay remains a staple destination for both industrial experts and holiday travellers, and recent developments of the city may spark interest with investors.
Highlights from the Tourism Investment Forum Africa (TIFA) for Richards Bay
On 27 August 2025, TIFA was held at Richards Bay, outlines areas of investment and tourism opportunities. Here is a list of the events, and what it means for investors.
● The redevelopment and relocation of Richards Bay Airport: This development is expected to create economic growth and investment. Redevelopment of the airport is expected to cost R1.25 billion, providing opportunities for investment in aviation, logistics and commercial real estate.
● The Central Industrial Area (CIA): The CIA is slowly being recognised as a prime investment location. The location has light industrial sites supporting manufacturing, logistics and warehousing. Planning has been approved, and phase one of planning has been funded with R172 million. This new infrastructure allows businesses to expand their capacity and meet demands. As such, the investment potential in this growing hub for businesses is forecasted to be quite big.
● The Richards Bay International Conference Centre (ICC): This development is more than just a conference centre, but will feature a hotel, resort, casino, retail, residential property, and water-based sports activities. The project is situated at the waterfront, part of the Waterfront Master Plan, which includes improving tourism, business and recreational activities. The Richards Bay ICC provides an opportunity to invest in a growing high-value waterfront hub.
● The Ridge: This area is expected to be a landmark destination for Richards Bay, featuring a big 15,000m2 residential area, a 9600m2 hotel, and a 7700m2 commercial hub. The Ridge aims to “redefine urban living, hospitality, and business.” To do this, premium retail and office spaces, restaurants alongside lifestyle amenities will be developed. The project is expected to bring long term economic benefits and community impacts. As such, investors are encouraged to have a look into The Ridge.
Major developments in Richards Bay suggest that current times offer a great opportunity for investors to take notice. The big developments announced at TIFA is a great start for investors, forecasting many opportunities of economic growth in Richards Bay.
