The V&A Waterfront in Cape Town announced a capital injection of 230 million rand. The money will fund the construction of a new marina designated Quay 7, aimed at superyacht owners. City officials view the project as a step toward broadening the local marine sector. The development is intended to draw additional high‑value yacht visits to the harbor. Planners expect the facility to complement existing waterfront attractions and boost tourism revenue. The investment reflects a strategic push to position Cape Town as a premier destination for luxury vessels.