Portugal’s Design Resorts to invest 250 million euros in Cape Verde

4 May 2007

Lisbon, Portugal, 4 May – Portuguese company Design Resorts plans to invest 250 million euros in the tourist resort of Ponta Bicuda, in Cape Verde and become the biggest private employer in the country, the company’s chairman told Portuguese news agency Lusa Thursday.

“The project, which will be concluded in two phases in 2011 and, after the State, will be the archipelago’s largest employer,” said José Roque Martins.

In November, Design Resorts, Via Villas Oceanicas, plans to start construction of the first phase of the Ponta Bicuda resort, which will be concluded in 2009.

After conclusion, the project will create 3,000 direct jobs and 6,000 indirect jobs, by 2011.

“The resort has been being sold since the end of 2006, involves an overall investment of 250 million euros, with the second phase, and has projected sales of 300 million euros,” said Martins.

The project will be built on a 65 hectare plot, with 3.5 kilometers of coast, will have nine separate resorts, six of which will be hotel-based and the remainder will have a total of 1,400 house/apartment units. (macauhub)