The City of Cape Town says the marine manufacturing industry has contributed around R5 billion to the Citys economy in the last year.
MAYCO member for economic growth in Cape Town, James Vos, says the rapidly growing sector is creating employment and boosting the economy.
He says Cape Town is recognised as the largest catamaran manufacturing city in the world.
With the marine manufacturing sector nestled here in the Waterfront and all across Cape Town, it is a sector thats booming creating thousands of jobs for Capetonians but more importantly it's the innovation and craftsmanship that blow me away. It's fantastic to see that craftsmanship and innovation that sets Cape Town apart from any other city in the world and this industry is now valued at R4.9 billion up from R3.2 billion and weve seen impressive growth over the last five years.
