ORANGEBURG, S.C. (AP) — A Middle Eastern development company that once promised to invest $700 million and bring close to 10,000 jobs to Orangeburg County is selling land it bought near Santee.
Jafza South Carolina LLC has put 1,300 acres of its land up for sale for $17.5 million.
But Orangeburg County Development Commission Executive Director Gregg Robinson said Dubai-based Jafza remains committed to the county and the large project.
“Everything is moving forward. The commitment from Jafza is still there. They are very much interested in coming back over and re-engaging the project. They are bullish on the property and bullish on the North American footprint,” Robinson told The Times and Democrat of Orangeburg.
Jafza, a subsidiary of Dubai World, announced plans in 2007 that it would create nearly 10,000 jobs and invest $700 million in the site on Interstate 95 over the next 10 years. But within months, the global economic recession hit.
So far one building has been built on the site. It is currently empty.
The land sale is part of Jafza’s desire to simply develop the site and have someone else run it, Robinson said
“They are not going to parcel off and are not going to carve up the property and mess up the entire tract,” he said. “They want it to go industrial
Robinson said the land should be quite attractive. The South Carolina Department of Transportation is getting ready to improve the nearly U.S. Highway 301 interchange with I-95.