The large bronze statue representing a human figure with wings hanging in a steel frame is on the large roundabout outside the Regency Palace Hotel in lower part of Pornais, between the Forum at Ajuda and Praia Formosa. Designed by the sculptor Ricardo Madeira Velosa, it was inaugurated on September 24, 2004. Pornais is an otherwise rather ugly area with a lot of characterless (and largely empty) high-rise development further up the hill.
AssICom is the acronym for the Construction Industry Association of the Autonomous Region of Madeira, founded in July 18, 1932. The inscription below the statue reads ldquo;Homage of AssICom; To all who collaborated on the development of the construction and public works sector during the recent years in the autonomous region of Madeirardquo;