Algarve resort is project of national interest .jpg

Algarve resort is project of national interest

TOURIST RESORT VerdeLago, situated in Altura, Castro Marim, has been officially recognised as a Projecto de Potencial Interesse Nacional (PIN), a project of national interest, a distinction bestowed by the Agência Portuguesa para o Investimento (API), the Portuguese agency for investment.

VerdeLago occupies an area of 93 hectares, enjoying a privileged coastal location with direct access to Praia Verde. The project comprises of a five star hotel with 197 rooms, a golf course and tourist village boasting 340 apartments and villas.  

VerdeLago will have a strong influence on socioeconomic development and business activities in the region, creating around 600 jobs. The resort, which is expected to open in 2009, is aimed at clients at the top end of the market.

The distinction is confirmation of public interest in the VerdeLago (outlined in picture) development and recognition of its perceived value for Portugal’s tourism offer. The decision was based on criteria including economic, social and technological plans, as well as environmental sustainability.

The resort is owned by the InLand Group, which has been operating in the real estate sector since June 2000.