Cesaria Resort MASTER PLAN Presented

Mohammed Hanif Khoda was emphatic in affirming that Profile Group’s intention is not to “earn money and then disappear,” and guaranteed that, on the contrary, the idea is “to be here for a long time and work with the government and with Capeverdeans” toward the development of the country.

Cesária Resort is a 400 million Euros tourist and real-estate development to be built near the coastal zones of Palha Carga and Calheta Grande on the island of São Vicente, covering a total area of some 1,394 hectares. The project will include more than 2,500 apartments, more than 4,500 villas, 4 hotels, a Marina, a Casino, Golf courses, sports centers, commercial centers and Spas.

“It’s a major Project that was born of a great dream. Now the hard work will begin - turning the dream into reality,” said the president of the Profile Group, who added that the investors’ objective is to make Cesária Resort “the largest resort ever built in Cape Verde” and to turn the country into “Africa’s biggest tourist destination.”

To make CESARIA RESORT the best it can be as the top real estate project in Cape Verde, Profile Group as put together some of the World’s Top Consulting Companies in their fields such as ARUP (Civil & Structural design), Davis Langdon Everest (Cost Planning), Urbis JHD (Development Advisor), DXB LAB (Architectural Design), LAB ARCHITECTURE (Architectural Design), Atelier ten (Environmental design), and Capital Consulting (Investors Advisor, Project Manager and Representative in the Cape Verde Islands).

Mohammed Hanif Khoda also made a point of stressing that the Profile Group’s projects in Cape Verde will not be limited to the Cesária Resort, and said that investments projected for the next fifteen years will reach nearly 1.5 billion Euros.

Mr. Khoda said he hoped Capeverdeans would become very much involved in the implementation and management of the Cesária Resort, and challenged Capeverdean society to “make its contribution” with the “expertise” of local young professionals.

Minister of the Economy, Growth and Competitiveness Mr. João Pereira Silva was also present at the ceremony, stressing its dimensions and future contribution to the development of Cape Verde.

18 July 2006