RicherFin · Sovereign Projects

Cape Verde - Technology Park Project — Cabo Verde

Cabo Verde · Praia · Information services

Overview

The project involves the construction and equipment of Data centre, Business centre, Incubation centre and Training and Qualification centre with ICT facilities. It will support innovation that would foster inclusive and green growth. The project will contribute significantly to other sectors of the country’s economy such as education, healthcare and other services. At its core, this project entails the installation and management of cutting-edge computer storage and processing facility and the provision of knowledge resources that will facilitate the development and transformation of government processes and private sector businesses. The Park will be located in Praia in an area of 8 hectares which is about 3 kilometers from the Praia International Airport. The project will be implemented within a period of 48 months starting from 2013. The total estimated cost of the project is 35.9 million Euro (UA 30.7 million).

Key project information

Official name
Cape Verde - Technology Park Project
Status
Ongoing
Current phase
Ongoing
Country
Cabo Verde
Location
Praia
Sector
Information services
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 30.6m
Expected completion
2026-12-31