An English company (New World Investments) is investing 200 million euros on the construction of Rainha Golf & Spa Resort. The resort will be located between Foz do Arelho and Serra do Bouro (North of Foz do Arelho). It will have a 5-star hotel (120 beds and 7 suites), 360 apartments and 550 villas, and an 18-hole golf course.
The golf course construction is planed to start this year and it should be finished by the first quarter of 2009.
The resort area is 170 hectare and according to some newspapers of the region, its construction has been planning in the last 15 years. According to Dennis O’Sullivan (president of the board), the delay is due to the difficulty in buying the lands (each piece is owned by a different owner).
According to recent news, “95% of the lands have been bought and soon the small problems will be solved” says Marques Pereira, lawyer and legal representative of the English company.
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