Ponta Bicuda is located in Santiago, Cape Verde. The resort is fully owned by Vilas Oceânicas, S.A., a company created solely for the development and future management of the Ponta Bicuda resort. The capital structure is solid, relying heavily on equity. We enjoy a great relationship with the major Cape Verdean banks and we have entered in a financial agreement with CGD in order to issue the necessary debt to complete the project.