Article re-cap
- The new retail development at GrandWest represents a R650 million investment in Cape Town.
- Construction of the GrandWest project is expected to create approximately 1,200 jobs.
- Once operational, the development will provide space for about 100 businesses and support around 2,000 permanent jobs.
- The City of Cape Town and Sun International recently held a sod turning ceremony to mark the start of this project.
The City of Cape Town and Sun International have held a sod-turning ceremony for a new R650 million retail development at GrandWest.
Alderman James Vos, the Mayoral Committee Member for Economic Growth, joined representatives from Sun International and other stakeholders for the official ceremony. The project is expected to create approximately 1,200 construction jobs and around 2,000 permanent jobs once operational.
The development will provide space for about 100 businesses, according to the report. Vos said that developments of this scale play an important role in driving economic growth, creating employment opportunities and expanding opportunities for local enterprises.
The GrandWest development forms part of continued private-sector investment in Cape Town and will strengthen the area's retail offering while supporting economic activity across the broader region. Vos noted that he is spearheading the City's Ease of Doing Business Index, which focuses on 10 business-facing indicators aimed at reducing red tape.
The City is also rolling out its global This Is Cape Town place-marketing campaign across 55 cities on six continents. This programme is supported by strategic airline partnerships and city-to-city agreements intended to attract more flights, visitors and business travellers to the city.
Frequently asked questions
How many jobs will the GrandWest R650 million retail development create?
The project is expected to create approximately 1,200 construction jobs during development and around 2,000 permanent jobs once the retail development becomes operational.
What is the City's Ease of Doing Business Index mentioned by Alderman Vos?
The City is spearheading an Ease of Doing Business Index that focuses on 10 business-facing indicators aimed at reducing red tape and streamlining business processes in Cape Town.
How many businesses will the GrandWest development accommodate?
The development will provide retail space for approximately 100 businesses, expanding the commercial offering in the GrandWest area.
What is the This Is Cape Town place-marketing campaign?
The campaign is a global place-marketing initiative being rolled out across 55 cities on six continents, supported by strategic airline partnerships and city-to-city agreements designed to attract more flights, visitors and business travellers to Cape Town.
Source: investcapetown.com
