Portuguese company Oásis Atlantico plans to invest 57 million euros in a new tourism and real estate project, Salinas Resort, in Cape Verde, the company’s real estate director said Tuesday in Lisbon.

Speaking to Portuguese news agency Lusa, Mário Antão said that the amount mentioned includes investment in the two phases of the project, to be implemented on Sal island.

The Salinas Resort, located in Santa Maria, will be a luxury complex that includes a five-star aparthotel with swimming pools, spa and conference rooms, in a total construction area of over 45,000 square meters.

In a first phase, the company will build Salinas Sea, on Santa Maria beach, in a plot of around 17,500 square meters, and later construction will begin on Salinas Sand, which will be located behind Salinas Sea, and will also have a five-star classification.

“Prices during construction will increase by between 5 and 10 percent,” the company said, and the promoters of Salinas Resort believe that the return on investment will be achieved within three to four years, without providing figures.

Source: Macauhub