Nine private companies of various islands are going to invest around 1,7 million euros in the tourism sector, following the approval, on Friday, of new package of applications for investment projects to be financed by the Tourism Development Subsystem, of the System of Incentives for the Regional Development of the Azores (SIDER).
The approved investment projects will be made in the islands of S. Miguel, Terceira, Faial and Graciosa.
Since it came into place, in 2008, the Subsystem for the Development of Tourism approved around twenty applications for private investments in almost all islands of the Region in the order of eight million euros. The Subsystem made the these investments viable.