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Browsing: Two Oceans Marine Manufacturing
The City of Cape Town has announced a range of measures to support the local boat building industry to position it as a premier global hub for this fast-growing industry.
Cape Town is the largest boat building city in South Africa and the second largest producer of recreational catamarans globally.
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“Cape Town’s boat building industry has grown by 28.8 per cent year-on-year since 2012,” the City’s Mayoral Committee Member for Economic Opportunities and Asset Management, James Vos, said at an event this week. “The industry exports 90 per cent of the products produced and attracts a positive trade balance of around US$73 million (over R1 billion) annually.
“The 40-plus boat yards and 3,500 specialist staff produce award-winning super-yachts,” he said. “The city is home to 70 per cent of South Africa’s boat builders.”
Vos said the City was keen to support sectors such as the boat building sector …