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Cape Verde to imitate Dubai?

29-Nov-2012

The west African island nation of Cape Verde plans to raise capital for a ‘strategic aviation hub’ serving west Africa. The proposed EUR310 million airport would have capacity for 50 million passengers per annum – roughly 2.5 times and 3.5 times the current annual throughput at the continent’s busiest airports, Johannesburg and Cairo – and would be constructed in three phases.

Phase three would fulfill the goal of developing the airport as "a consumer-centric and commercially driven strategic aviation hub", modelled on the UAE’s Dubai International Airport. Tourism to the islands has grown dramatically during the last five years but with some of the existing transport infrastructure still falling short of international standards and the national airline heavily indebted, is the government trying to run before it can walk? [2318 words]

Unlock the following content in this report:

Subheadings:

  • Surprise package
  • Boa Vista identified as the new tourism hot spot
  • Hotel infrastructure led by Spanish companies
  • Ailing TACV is a problem for the government

Graphs and data:

  • GDP Growth of Cape Verde (percent change): 2008 to 2017
  • Inflation, average consumer prices of Cape Verde (percent change): 2008 to 2017
  • Volume of imports of goods and services of Cape Verde (percent change): 2008 to 2017
  • Unemployment rate of Cape Verde (percent of total labour force): 2008 to 2017
  • Sal Amilcar Cabral capacity share (% of seats) by carrier: 26-Nov-2012 to 02-Dec-2012
  • Praia Francisco Mendez capacity share (% of seats) by carrier: 26-Nov-2012 to 02-Dec-2012
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