Cape Verde: Kuwaiti firm wants to build 5-star hotel in capital

8 August 2008

Praia, Cape Verde, 8 Aug – Kharafi Holdings of Kuwait is seeking to invest in Cape Verde and wants to build a five-star executive hotel in Praia, the company’s Africa director, Mahmoud Shehata said Thursday.

Speaking after talks with President Pedro Pires, Shehata said his company is seeking land to build the hotel and that he used his meeting with Pires to express interest in investing in other sectors of the islands’ economy.

The Kuwaiti company is also interested in areas such as water and energy. Shehata said Cape Verde was attractive for business due to its climate, good governance and democracy. (macauhub)