“One of World’s 20th best destinations to invest in Tourism & Real Estate…”

Not deviating from the general trend of market and investment comparisons, one could simply ask as why an investor should be putting its funds in the Cape Verde Islands Tourism & Real estate sector?

In response to this pertinent question, following facts can be posed as the selling points of Cape Verde Islands Tourism & Real estate sector, beside the country’s exotic nature and natural beauty: 

-          Cape Verde Islands Tourism & Real estate sector is all slated to grow at an average growth of between 15-25% in the next five years - which is one of the fastest in the world. As against this growth trajectory, the growth rates in some of the most developed markets in the world has fallen to single digit figures;

-          Unlike in the developed countries, where a significant push to the tourism and real estate comes from renovation and overhauling, Cape Verde is witnessing its first real boom in these sectors since independence and in the modern era which is supported by a burgeoning economy on a sustainable basis. So things are being created on a scratch here;

-          B+ Fitch Ratings evaluation of Cape Verde market stability in terms of long term foreign currency risk (Cape Verde Escudos is pegged to the Euro);

-          Listed by Irish and British International Consultants as one of the World’s Top 20 Hot Spots to invest in 2005 and 2006 (2005 was placed in 12^th; in 2006 was placed in 3^rd);

-          Privileged Geographical Location:

o        Midway between North America and Southern Africa;

o        Halfway between South America and Central Europe;

o        Regular International flights from all major International cities (Amsterdam, Las Palmas, Milan, Madrid, Lisbon, Munich, Rome, Paris, Boston, Frankfurt, Fortaleza - Brazil).

-          An increasing number of Investors from European and Middle East are being drawn to the tourism and real estate market; they find that Cape Verde offers them a genuine alternative to the volatility and insecurity of equity markets and also an escape from their restrictively expensive domestic property markets. Last year and during the first semester of 2006 more than 2 billion Euros of foreign direct investment were attracted to Cape Verde Islands;

-    Major Foreign Investors already here: Fiat Group (Italy), World of TUI Group (Germany), RIU Hotels & Resorts (Spain), Oasis Group (Portugal), Thomas Cook (Germany), Profile Group (Dubai), Sonangol (Angola), Portugal Telecom (Portugal), Sonae - Somague Group (Portugal), BES Group (Portugal), SLN Group (Portugal), beside others;
 

In the heart of the World, with a welcoming culture – stable political situation – economic growth – investment incentives – efficient telecommunication network Cape Verde Islands, it’s an investment destination of choice for any investor seeking long term capital growth.