The Sociedade de Desenvolvimento Turístico de Ilhas da Boa Vista e Maio, SA, in its original Portuguese designation, is a limited liability company jointly owned by State of Cape Verde (51% of the shares), Municipality of Boa Vista (35% of the shares) and Municipality of Maio (14% of the shares). Its mission is to manage and promote private sector investment and the development of sustainable tourism in the six tourist development zones of the islands of Boa Vista and Maio, with a total area of approximately 7,000 hectares.
The company provides land with services, ie land infrastructures for roads, sanitation, water and electricity, in stunning seaside locations, for well-established entrepreneurs who can contribute positively to the development of Boa Vista and Maio, in the Republic of Cape Verde, tourist destinations of high standard.
In a joint effort to contribute to local development and provide guarantees to investors interested in acquiring land in Boa Vista and Maio, SDTIBM acquired 60% of Boa Vista water and electricity company (Boavista Water and Energy or AEB) and in partnership with the May City Council, is setting up the company Águas e Energia do Maio (AEM), which will have 29% of the shares.