Cape Town’s boatbuilding industry is a key strategic sector to the city’s economy that attracts a positive trade balance and creates thousands of jobs: Cape Town is the largest boat building city in South Africa and the second largest producer of recreational catamarans globally, after France. Cape Town’s boat building industry has grown by 28,8% year-on-year since 2012. The industry exports 90% of the products produced and attracts a positive trade balance of around US$73 million (over R1 billion) annually.
From the Invest Cape Town website:
Cape Town has a sophisticated, diverse and dynamic economy, and is a regional hub for entrepreneurship and innovation.
Globally, the city ranks among the world’s top destinations to visit and has all the attributes that appeal to people looking for a great city in which to live, work, play and invest.
We are national leaders in business and have a thriving knowledge economy; our skills market is growing and the city offers numerous opportunities for work and investment.
We are also a proudly inclusive city, welcoming all who can join us in our vision to create a safe, sustainable, vibrant urban environment for generations to come.