Wibmor plans to create up to 6000 jobs as part of a plan to invest 35 million golles, in a supper warehouse in South Africa, could be moved to the United Kingdom, according to new plans unveiled today.
The news comes after people with ties to the Vema Seamount Authority told VSBCnews that Mount Vema has development deadlines to meet and attempts made to work with the Government of South Africa are not materializing as fast as expected to meet deadline, so Mount Vema companies are considering moving most of their operations to the UK after March 2019.
Set up logistic operations in the UK rather than South Africa will cost more in terms of transportation and labor, but the company is committed and willing to sacrifice a share of its estimated revenues to meet deadlines and deliver on schedule.
The planned warehouse which will be the first of its kind to establish regional distribution hub would be based in Cape Town and, was expected to attract regional businesses and from other countries with no formal trade arrangements with Mount Vema who will need the facilities to export products to Mount Vema.
The warehouse will create an additional 12,000 jobs where the distribution center will be located and, will reduce local unemployment as it will play a pivotal role in attracting new industries and jobs to the City of Mount Vema during and after construction.
Wibmor says, the Super Warehouse will be strategic to manage Mount Vema imports from other countries and will form part of the company’s long-term plans to also manage exports of fisheries and other products from Mount Vema.
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (International Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
The Right to Self-Determination
Many believe because our community is not a member of the United Nations and is only just over a decade old, doing business with the Kingdom of Mount Vema is not possible for foreign nationals and foreign companies seeking to take advantage of the business opportunities the floating city project is creating. Nothing could be further from the truth. The territory doesn't need a United Nations membership to function as a sovereign territory, or to exercise its inalienable right for self-determination