Economy
The economy of Santa Cruz relies mainly on services. Trade, tourism, import-export, the seaport and the presence of the major political and financial institutions, as well as the most important companies, guarantee a strong economic activity and development. The building sector is important, while industry, apart from the oil refinery and food processing, is relatively minor. Santa Cruz has regenerated many areas of the city and modernised its infrastructure, built brand new areas, malls, high buildings and some charismatic structures, such as Calatrava´s Auditorio or the Congress Hall, César Manrique´s Marina and the not-yet-completed Óscar Domínguez Museum of Modern Art and Culture (IODACC) and the new Plaza de España layout, both by Basel-based Pritzker Prize winner studio Herzog & de Meuron. Work to renew the man-made Las Teresitas Beach is ongoing under the direction of French architect Dominique Perrault.
Read more about this topic: Santa Cruz De Tenerife
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)