A Spanish consortium plans to invest over 220 million euros on the Cape Verdean island of Boa Vista, including the construction of a 2,000 room hotel, according to a protocol signed Wednesday in Praia.

The investment is the biggest ever in Cape Verde and involves Sociedade de Desenvolvimento Turístico das Ilhas da Boa Vista e do Maio (Sdtibm) and Spanish consortium Bucan, from the Canary Islands, made up of Cabocan, which has investments on Sal island, and hotel chain Riu, which is also Spanish.

The project will cover 450 hectares of the island, which has a total area of 820 square kilometres and a population of around 5,000, and according to Sdtibm chairman João Serra, will transform the island by 2020.

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