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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)