A consortium from Dubai will invest about US$70 million in construction of a hotel complex on the island of Fogo, Cabo Verde (Cape Verde), called “Aloe Vera Resort & Spa,” reported Cape Verdean weekly newspaper A Semana.
The consortium members are investors from Austria, Germany, Italy and the United Arab Emirates (UAE) that Sunday concluded a five-day visit to Cabo Verde and the island of Fogo, during which they presented the project to the municipal authorities.
The newspaper also wrote that construction work for this five-star hotel complex should start this year, with completion scheduled for 2020.
The “Aloe Vera Resort & Spa” will be located between the city of São Filipe and the port of Vale dos Cavaleiros , occupying an area of 150,000 square metres. It will include a 50-room hotel and 100 luxury suites, a “villa” with 50 apartments, several shops and a residential area with 47 modern villas of varied type, as well as a Spa – Wellness and Healthcare Centre – with a covered area of 3,000 square meters.
The investors believe that the development will have great impact on tourism of the island of Fogo, highlighting scientific interests, the potential of which is connected to the active volcano of Cha das Caldeiras. (macauhub/CV)