The Tech Park Leading the Way towards Cape Verde’s Future Potential Revolutionized

Share This Post

Tech News Summary:

  • Cape Verde inaugurated its new technology park near the capital city of Praia after six years of construction and a total investment of 50 million euros from the government. The project is expected to play an important role in diversifying the country’s economy.
  • The technology park is located in close proximity to Nelson Mandela Airport and has been declared a “Free Zone,” offering tax breaks and other incentives to businesses located there. This is part of the country’s digital strategy to prepare young people for jobs in the promising sector and provide opportunities for local entrepreneurs to start or expand their businesses.
  • Cape Verde hopes that the new technology park will help boost its economy by attracting foreign investors and creating job opportunities for its citizens, positioning itself as a player on the global stage. The project represents an exciting opportunity for both the country and the wider African continent.

In a bid to unlock Cape Verde’s economic potential, the nation has unveiled plans for a revolutionary technology park that will open up new opportunities and pave the way for the future.

Located on the island of Sal, the ambitious project is being spearheaded by the Cape Verdean government in partnership with international technology firms, with a view to transforming the country into a high-tech hub and a regional leader in innovation.

The tech park is set to be a state-of-the-art facility, featuring cutting-edge infrastructure, advanced research facilities, and world-class amenities. It will also foster the growth of local talent, providing training programs and opportunities for entrepreneurs and start-ups.

According to government officials, the technology park will serve as a catalyst for innovation, creating a platform for the development and commercialization of transformative technologies. It will also boost the country’s global competitiveness, attract foreign investment, and drive economic growth.

The Cape Verdean Prime Minister, Ulisses Correia e Silva, believes that the tech park will be a game-changer for the country. “This investment will enable us to transform our economy, create new jobs, and attract investment in key sectors such as tourism, agriculture, and energy,” he said. “We are confident that the tech park will unleash Cape Verde’s potential as a hub for innovation and entrepreneurship.”

The project has already gained the support of several international partners, including China’s Huawei Technologies and Microsoft. Construction for the facility is set to begin later this year, with the first phase expected to be completed by 2023.

As Cape Verde looks to the future, the tech park represents a bold and innovative step towards realizing the country’s potential and unlocking new opportunities for growth and prosperity.

Read More:

Related Posts