An economic impact assessment of the Cape Town International Convention Centre (CTICC) conducted in 2001 showed that the convention centre would have a phenomenal impact on the provincial and national economy. It substantiated the view that the centre was the one piece of missing tourism infrastructure the Western Cape could no longer do without.
It was recognised by the funders that the CTICC would enable Cape Town to cast off her "Cinderella" mantle, allowing the city to tap into a market currently estimated to be worth more than R8-billion annually to South Africa alone.
The potential of the MICE market (meetings, incentives, conferences and exhibitions) to drive economic growth in the region is enormous. It is forecast that the Centre will provide a cumulative contribution to Gross Domestic Product (GDP) of R25-billion over ten years, and create 47 000 much needed new direct and indirect jobs within the same period. As a labour intensive industry with substantial knock-on effects for thousands of small businesses, it's easy to understand why the local tourism industry was eager for the CTICC to open its doors in mid-2003.
Cape Town is fast becoming a destination of choice for international tourists visiting southern Africa, and is the jewel of African tourism, the city that welcomes all and provides an ideal home for every international and local conference, convention and exhibition.
15/04/2008
Cape Town International Convention Centre (CTICC) is seeking sponsorship for the retro-fitting of its popular coffee shop, prominently located in the entrance hall of the centre (approximately R2m).
07/03/2008
Anaesthesiologists spend R100m in Cape Town Cape Town International Convention Centre (CTICC), which is hosting more than 7 300 delegates, partners and exhibitors from around the world this week during the 14th World Congress of Anaesthesiologists (WCA 2008) has added a new spin-off to its contributions to the country such as the R6.8 billion to national GDP since opening.
