Two Portuguese real estate companies, Design Resorts and Sacramento Campos, are planning to invest a combined EUR 950 mln in the construction of tourist resorts on the island of Santiago in Cape Verde. Design Resorts' Francisco Mendonça told Portuguese news agency Lusa that the company will start construction of its Ponta Bicuda resort in November and completion for the project is planned for 2009. Sale of the resort had begun at the end of last year, with a specific focus on the British market, he added. Other possible markets will be Spain, Italy, Portugal, the Netherlands, and Germany.
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