Investment of 2.5 billion euros to make Cape Verde top golf destination

26 May 2006

Praia, Cape Verde, 26 May – Cape Verde is due to receive investments totaling 2.5 billion euros aimed at making the country a top golf tourism destination, according to local press reports.

Contracts for the two main investment projects were signed Wednesday in the United Kingdom, between the Cape Verdean authorities and developer Cape Verde Development, Ernie Els, the company owned by the top golfer of the same name, and PGA Golf Management.

The projects include two tourist resorts, one on Sal Island (Murdeira Beach) and the other on Sao Vicente (Baía das Gatas), which will be launched in 2011, according to daily newspaper Liberal.

These two developments include four golf courses, at a time when others are being developed on the archipelago, along with marinas, shopping areas and hotels.

According to the developers, the new projects will create almost 5,000 new jobs on the archipelago.

The agreements were signed during the BMW Championship, which is currently being held at the Wentworth Golf Club in England.

Cape Verde’s tourism has seen strong growth over the last few years and is now one of the main driving forces behind the economy and entry of foreign currency.

Last year, hotel facilities in Cape Verde welcomed 233,000 tourists, 26.4 percent more than in the previous year, with Sal Island boosting its position as the islands’ main destination, according to figures from the country’s National Statistics Institute. (macauhub)