The new investments made in Sal Island are indicative of an upturn in confidence in the tourism and real estate market in Cabo Verde (Cape Verde), said the country’s Prime Minister José Maria Neves on the sidelines of the presentation of the Dunas Beach Resort project.
According to Cape Verdean newspaper A Semana, the prime Minister, who on Friday took part in a ceremony to lay the first stone of the Hilton Hotel on Sal Island, referred to both these investments to say that Cabo Verde “is experiencing an upturn in confidence from investors.”
The Dunas Beach Resort, an investment of around US$160 million, with over 700 employees, is expected to receive an average of 86,000 tourists and post turnover of US$62 million per year.
This five-star tourist resort, which is due to open on 1 November, includes 1,207 accommodation units – 90 suites, seven 5-bedroom houses on the coastline, 47 3-bedroom houses and 1,063 1- 2- and 3-bedroom luxury apartments.
The Dunas Beach Resort is an investment by Britain’s Resort Group, which already operates the Tortuga Beach resort and is building the Lhana Beach Hotel, all on Sal Island, and management of these units is in the hands of the Meliá Hotels International group. (macauhub/CV)