Foreign investment in Cape Verde is expected to reach US$7.8 billion between 2007 and 2011, according to figures from the archipelago’s foreign investment promotion agency.

Investment is expected to increase continuously, from US$711.8 million this year to US$2.7 billion by 2011, allowing for the creation of 31,882 jobs, according to Cabo Verde Investimentos (CVI).

There area projects worth US$2.99 billion already approved, which will create some 16,715 jobs.

According to Portuguese news agency Lusa, the figures from CVI were told to a mission of 22 Portuguese businesspeople, which was analyzing investment opportunities in the archipelago.

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