Construction of the integrated tourist complex of the island of Santa Maria will be completed before the end of the current term of office in 2021, José Gonçalves, the Minister of Maritime Economy, Tourism and Transport of Cabo Verde (Cape Verde) said on Tuesday in Praia.
The Macau Legend Group, owned by Macau entrepreneur David Chow, is building a tourist complex in Praia that includes a hotel, a marina with capacity for 20 to 30 recreational vessels, a convention centre and casino, with an estimated investment of US$250 million dollars, which represents about 15% of Cabo Verde’s Gross Domestic Product (GDP).
The minister, who was speaking to the Inforpress news agency after a visit to the tourist complex, said that the work will be carried out in phases, adapting to and monitoring developments in the Cabo Verde tourist market.
Gonçalves added that the part of the project involving the island bordering the Cape Verdean capital will be the last phase of the project, given that it has to be built in advance, and involves construction of a bridge that is 20 metres wide.
The Macau businessman was honoured by the government of Cabo Verde in February 2018, with the medal of tourist merit for his contribution to the economic development of the country.
David Chow Kam Fai, 68, a businessman in the tourism, entertainment and gaming sectors in Macau, first started working with Cape Verde in 2001, when he became honorary consul.
In 2015, he agreed with the Cape Verdean authorities to build the Gamboa/Islet of Santa Maria project, whose first stone was laid in February 2016. (macauhub)