Cape Verdean hotel complex owned by Macau entrepreneur opens in two and a half years

6 July 2017

The first phase of the Gamboa Djeu Resort, a hotel complex with a casino to be built in Cabo Verde (Cape Verde), is expected to start operating in two and a half years, businessman David Chow said on Wednesday on the sidelines of the 42nd anniversary celebration of the independence of Cabo Verde.

Chow also said that landfills for the project were almost complete and that the necessary licenses had already been obtained. He added that in August construction of a bridge will begin to connect the capital Praia to the island of Santa Maria, where the complex will be built.

Chow, who is an honorary consul for Cabo Verde in Macau, said that the project which includes a hotel with casino, marina and convention centre involves “a very experienced Beijing construction company, a good architect and local engineers and even some from Macau,” according to Portuguese-language newspaper Tribuna de Macau.

The businessman and main shareholder of the Macau Legend Development company also referred to the future Sino-Atlantic Bank to be set up in Cabo Verde, saying that it could make investments from both Macau and China in the archipelago easier.

The businessman and the Cape Verdean government recently signed a memorandum with a view to setting up a bank in the West African country, which could also have repercussions in the MSAR, given that according to Chow the bank could help increase trade with Macau. (Macauhub)