Cabo Verde: Government to invest 50 million Euros in Tourism
The Prime Minister of Cabo Verde Jose Ulisses Correia e Silva has revealed plans by his government to invest 50 million euros in the tourism sector in the next five years.
This is part of the strategies to accelerate the recovery efforts of the country. The premier made this statement at the opening of the Cape Verde International Tourism Forum.
“Over the next five years, the Government will invest around fifty million euros in the Tourism Operational Program.” he said.
The prime minister expressed optimism about the signs of resumption of tourism activities on the island. The archipelago island has reached an impressive 79.6% of the adult population vaccinated with at least one dose and 50,9% with full vaccination.
‘’In a pandemic environment, interest and confidence in the country have been maintained and consequently, unlike expected, increased the foreign direct investment level. New projects worth more than EUR 1.2 billion were approved in 2020 alone. Making these investments will have a positive impact on economic growth and employment in the coming years’ Ulisses Correia e Silva.
‘’New opportunities will emerge with greater strength from a more selective demand for differentiated and sustainable experiences, low concentration of masses, but with an eye on sustainability. We invested around EUR 40 million of the tourist tax in the refurbishment of shack areas in Sal and Boavista and accessibilities, urban safety, health infrastructure, tourist information posts, stimulation of entrepreneurship and training, important investments for formatting, and qualification of the tourism products.
