South Africa - The Cape Health Technology Park

It is envisaged that the Cape Health Technology Park, a collaborative venture between the Western Cape Government, the national Department of Science and Technology, academia and business, will be a world-class facility where pharmaceutical companies, research institutes, clinical trial facilities and health-related academic and government programmes are strategically housed in one location. The economic impact of the proposed health tech park, during its construction phase, could be transformational with R1.5-billion contribution to the economy; 2 000 direct jobs; and 4 165 indirect and induced jobs added to the national economy, based on a construction investment of R757-million. During its 10-year operational phase, the Cape Health Technology Park is set to contribute more than 13 000 jobs to the economy.