Praia, Cape Verde, 24 Feb – The Cape Verdean Finance Ministry and National Association of Municipalities have signed the agreement for a 10 million euro credit line granted by the French Development Agency, indicates a ministry press release cited by Cape Verde’s Inforpress news agency.

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The Cape Verde group Oásis Atlântico continues to invest in real estate and the tourism industry in Cape Verde with the new Salinas development. Consisting of the Salinas Sea, private luxury apartments in a 5 star apart-hotel and the Salina Sand holiday resort in the St. Maria area of Sal this new development will cost an approximate €57 million.