CAPE TOWN: 01 December 2017
The two-weeks stopover of the almost year-long Volvo Ocean Race (VoR) at the Table Bay in Cape Town is more than just a prestigious international water sports event, but an opportunity for global engagement among stakeholders and interested parties on how best to develop and grow maritime economies on a sustainable basis.
At least that is the view of the V&A Waterfront – one of the host venue sponsors of the VoR 2017/18 South African leg currently underway since about a week ago. Since the seven yachts dropped sails and switched off engines after touching ground at the V&A Waterfront, no less than four significant gatherings inclusive of two interrelated international conferences on oceans governance and sustainability have been held at the venue, with a few more lined up for the second and last week of the VoR 2017/18 leg.
And that is the whole point, says V&A Waterfront managing director, Mr David Green who on Thursday afternoon told this blog that the global event presented South Africa not only a top class water sport event with millions of followers globally, but also a golden opportunity to engage with maritime sector stakeholders and interested parties worldwide on a whole range of oceans related issues, inclusive of environmental management best practices as well as investment opportunities.
From an economic development perspective, apart from the tourism and hospitality subsector that stands to gain a substantial portion of the estimated R500-million the VoR pumps into the Cape Town economy, South Africa’s marine manufacturing industry, but particularly the boat building subsector stands to benefit from association with the event, he says.
For the full three (3) minutes interview click below.
More updates to follow