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Dubai airport blueprint for Cape Verde's gateway into Africa  Join our daily free Newsletter

MENAFN - Arab News - 12/11/2012

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(MENAFN - Arab News) Indexed as one of the top three African countries as the safest destination for foreign investment by the Mo Ibrahim Foundation, the country shows exemplary economic promise due to its political stability, strategic location and investment-friendly rules and institutions.

Cape Verde is also a member of the World Trade Organization and of the Economic Community of West African States (ECOWAS), which has a total population of 300 million and a combined GDP of 703 billion.

All these factors have led to increased investment, tourism and trade from Europe and the Americas in recent years. Cape Verde now wants to develop its economy further, and having studied a number of successful global aviation hubs, they believe Dubai's is the one they should use as their blueprint.

This is why Capital Consulting has engaged French company naseba to organize a road show in Dubai from Nov. 27-28 at the Ritz Carlton in DIFC - to raise capital for the creation of the Gateway to West Africa - a strategic aviation hub on the Cape Verde Islands.

By providing efficient transportation services, the proposed hub will enhance the competitiveness of Cape Verde's economy and "attract foreign direct investment and integrate our local companies with the global business community," noted Ambassador Jos Armando Duarte, President and CEO, Cape Verde Investment Promotion Agency.

Mario Paixao Lopes, president of the board of administration of the National Airport Authority (ASA), said: "Our airports are a central part of our Government Strategic Plan to grow and become an important aviation hub in the region. Travel, tourism, trade and hospitality are some of the sectors identified as key drivers of our growth."

Minister of Infrastructure and Maritime Economy of the Republic of Cape Verde Sara said: "It's a priority for our country's economic development goals within the West African region."

 






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