290 million euros resort project begins in Cape Verde

29 June 2007

Cidade da Praia, Cape Verde, 29 June – Italy’s Stefanina group is beginning construction of a tourist resort and housing project on Cape Verde’s Sal Island in a development valued at 290 million euros.

Prime Minister José Maria Neves will lay the first stone of the “Pedra de Lume Marina and Golf Resort”, the largest investment by the Italian group in the archipelago.

The project is being developed over a 1,200 hectare area in the historic area of Sal along the northwest coast of the island. As well as a resort, the development will include housing for local residents with a school, nursery school, football pitch and health center.

A hundred families in Pedra de Lume will benefit from the housing project, valued at 3.6 million euros.

The resort will comprise two hotels, a golf course, a yacht marina, a sport fishing quay, an agro-tourism zone and villas and apartments with 3,000 beds. (macauhub)