An oil and gas engine for Cape Town and multisectoral growth

Africa Energy Week (AEW) 2021 will be held from November 9 to 12, 2021, highlighting the strong shift towards energy transition and initiatives to revive a myriad of sectors in Africa.

There is a unique opportunity for oil and gas events like the upcoming African Energy Week (AEW) 2021 to revive the tourism industry in South Africa. (Image Source: Adobe Stock)

According to Research and Markets Event Management in the South Africa Report 2020, in 2019, 11.4% of foreign tourism was attributed to the event industry with around one million delegates welcomed each year. In addition to attracting tourists to South Africa, the events industry is responsible for creating jobs, expanding businesses, investing and increasing income in several support service sectors such as food, health and infrastructure industries.

According to the Tourism 2020 report published by Statistics South Africa, foreign arrivals fell 71%, from over 15.8 million in 2019 to less than 5 million in 2020. Additionally, the business events sub-sector saw arrivals of international delegates decrease by 78%.

Despite these impacts, the easing of restrictions in South Africa, coupled with the expected drop in COVID-19 cases in summer, AEW 2021 is expected to set a new standard for Africa-focused conferences. Paradoxically, at a time when the oil and gas industry is strongly committed to the energy transition, a oil and gas event has the potential to revive a myriad of sectors in Africa.

AEW 2021 will take place at V&A Waterfront in The cap – an economic and cultural center comprising five neighborhoods – and will use conference centers, art galleries, museums, restaurants and even a golf course in its full program of events. This location allows AEW 2021 not only to attract regional and international tourists to one of the continent’s most exciting socio-cultural hubs, but also ensures that the business benefits associated with the event extend to multiple sectors. The event shows how Africans and the oil and gas industry are mobilizing to give South Africa’s waterfront and tourism industry its biggest commercial boost since the start of the pandemic. Unlike other energy events focused on Africa but held internationally, AEW 2021 encompasses camaraderie, job creation, participation of local businesses and revival of African tourism.

By focusing on African innovation, new technologies, free market growth, local content, and upstream and middle oil and gas, AEW 2021 is officially the benchmark for African energy events. As a result, the African Energy Chamber reaffirms its commitment to African peoples, African energy and African businesses by focusing on regional and multisectoral socio-economic growth and recovery.

The strategic design of the event, including the use of multiple venues over a four-day period, not only complies with the limitations of COVID-19 social gatherings, but ensures that multiple venues and event companies benefit from this unique event.

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About Margaret L. Portillo

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