V&A Waterfront targets superyacht boom with new luxury facilities
The V&A Waterfront is investing R230 million in a new Quay 7 superyacht marina as Cape Town seeks to expand its marine economy and attract more high-value yacht visits.
Cape Town is intensifying efforts to become a key player in the global superyacht market by investing in new luxury facilities and marine infrastructure at the V&A Waterfront. The city aims to capitalize on the rising number of super yachts visiting the region, with the number of superyachts measuring over 24 meters in Southern Africa increasing from 14 in 2019 to 36 in 2025, according to industry research.
The V&A Waterfront plans to introduce a new EDITION hotel and enhance superyacht facilities at Quay 7 to cater to the growing demand, with the city already boasting one of the five leading marinas for visiting superyachts. The V&A Waterfront, spanning 123 hectares, attracts approximately 25 million visits annually and supports a workforce of around 26,000 people.
Industry stakeholders are working towards establishing Southern Africa as a connected cruising region, offering coastal destinations and experiences beyond the Mediterranean and Caribbean. Potential itineraries include Mauritius, Seychelles, and Southern Africa's coastlines, highlighting the region's unique wildlife and luxury hospitality offerings.
The V&A Waterfront's investment aims to transform the surrounding waterfront into a coastal neighborhood while developing the necessary infrastructure to accommodate more visiting superyachts. Western Cape Premier Alan Winde and Cape Town Mayoral Committee Member for Economic Growth James Vos are committed to expanding the marine economy and addressing regulatory barriers to attract investment and create opportunities for local businesses.
Written by urgent.news from IOL's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
