G. Camps: "CACSA is a reflection and a point of reference of the Region of Valencia, and has become an economic and social mainstay"

Sep 22, 2010

Presentation of a study carried out by the IVIE on the economic impact of CACSA
G. Camps: The deputy vice-president and regional minister for the Economy, Treasury, and Employment, Gerardo Camps, has declared that “the City of Arts and Sciences (Ciudad de las Artes y de las Ciencia, CACSA) is a reflection and a point of reference for the Comunitat Valenciana (Region of Valencia), and has become an economic and social mainstay of our territory”.

Gerardo Camps voiced this thought during the presentation of the study of the Valencia Institute of Economic Research (Instituto Valenciano de Investigaciones Económicas, IVIE) on the economic impact of CACSA for 2009. He was accompanied in his presentation by IVIE lecturer and researcher Joaquín Maudos.

“The figures”, the vice-president went on to say, “show that CACSA continues to be a complex of cultural and scientific dissemination that projects the image of the Region of Valencia in Spain and the rest of the world, and has become an asset that benefits innumerable Valencia economic agents”.

A total of 3.4 million visitors in 2009

The City of Arts and Sciences received during 2009 a total figure of 3,421,096 visitors, with a daily average of 9,373 people. “Special mention must be made” said the vice-president “of the fact that CACSA has become a favourite place to visit for holiday periods and on public holidays: during the Fallas there were over 78,000 visitors; at Easter 235,000; during the bank holiday from 9th to 12th October 80.000; and 85,000 during the December bank holiday”.

As Gerardo Camps explained, last year (2009) “the Hemisfèric welcomed 452,863 viewers with a varied programme that has emphasised the quality of its films, in which particular attention is paid to scientific, natural, and technological matters. During International Astronomy Year a pioneering activity was carried out at the planetarium, ‘The sky in your hands’, which was aimed at blind people and those with extremely deficient eyesight”.

For its part, as the vice-president explained the Príncipe Felipe Science Museum received “1,853,860 visitors with a new programme of interactive science. The “Space Adventure” exhibition was included and the discoveries of Galileo and Darwin were commemorated with two additional exhibitions. The Museum also promoted the ‘Robot Challenge’ competition, which is designed to stimulate the scientific vocation of students”.

Another important component of CACSA, the Oceanogràfic (Aquarium), welcomed last year a total of 1,114,373 visitors. “The largest aquarium in Europe continues to be one of the most visited centres and a point of reference in the field of the study, dissemination, and research of the marine world”, declared Gerardo Camps, who emphasised activities carried out here such as ‘Trainer for a Day’ or ‘Sleeping with Sharks’.

Up to June 2010, since CACSA was inaugurated it has been visited by 41.8 million people. “Over 65% of the visitors are from outside the Region; 17.5% foreign tourists and 47.6% from other parts of Spain”, Gerardo Camps explained.

Data from the first six months of 2010, on the rise

“The data from the first six months of 2010”, the vice-president revealed, “show a recovery in the takings and number of visitors of CACSA after the complicated year of 2009, in which the economic recession was felt all over the world and meant 5 million fewer tourists in Spain and a drop of 12.6% in the income of CACSA”.

This recovery of the first six months of 2010 compared with the income of the same period of the previous year is linked to the staging of exhibitions such as ‘Walking with Dinosaurs’, which in just a few days was visited by over 77,000 people, and to the 37% increase owing to various events held at CACSA.

Congresses, events, and the presentation of brands

As far events and congresses of all kinds, over 110,000 people have attended various scientific, business, and cultural encounters at CACSA.

The holding of a number of varied events have also had an economic impact: the MTV Winter (with a media coverage of 2.9 million euros), the Global Champions Tour (media coverage of 16.4 million euros), the 500 Tennis Open (with an overall figure of 56 million spectators), and the Campus Party (media coverage of 13.4 million euros).

In addition, national and international companies such as Telefónica, Fagor, Cepsa, Siemmens, Pullmantur, Clinique, BMW, Audi, and Lexus chose the framework of CACSA for their presentations.

Economic impact of CACSA: 40,846 jobs since its creation

The construction of CACSA generated an accumulated growth in income of 1,285 million euros and the creation and maintenance of 40,846 jobs. These figures are equivalent to 1.4% of the gross added value and 2% of the employment of the Region of Valencia in 2009.

Likewise, as for the impact of the operation of the complex, in a typical year of activity CACSA contributes annually 106 million euros of generated income and 4,327 jobs that are generated or maintained.

On the other hand, the dissemination complex generates every year 152.5 million euros of tourist income. Of this amount, 117.2 million euros correspond to what visitors to CACSA spend while 35.2 million euros correspond to income from those attending events in the installations of the complex. The total income from tourism was 71 million euros, which generates or maintains 3,339 jobs per year.