This document provides an overview of the Cornubia development project in Durban, South Africa. Some key points:
- Cornubia is a 1200 hectare development site that will include 25,000 residential units, commercial and industrial space, and social facilities.
- Phase 1 includes an industrial and business estate with 62 of 80 hectares sold, and 482 subsidized housing units nearing completion.
- The overall project is estimated to generate R25.8 billion in investment and create 387,590 construction jobs and 42,830 permanent jobs. It will also generate substantial annual tax revenue for the government.
- Cornubia aims to be a large-scale, sustainable, mixed-use