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With an economy traditionally based on tourism, Tenerife progresses towards the diversification of the local economy, promoting the island as a technology and knowledge centre. Activities related to the digital economy, creative and cultural industries, blue economy, tourism, professional services or renewable energy have gained importance in recent years.
In addition, a strong ecosystem of science and technology parks and research centres has been settled, with innovative infrastructures that make it an extraordinary destination for research, develop and deploy global solutions in fields such as astrophysics, health sciences and biomedicine. As an added value, its strategic location constitutes a powerful business hub in the Mid-Atlantic and West Africa.