[2019-01-11] Angola negotiates installation of Volkswagen and Ford factories

Source: Macauhub

The opening of car assembly lines in Angola is being negotiated with officials from Germany’s Volkswagen and US automotive company Ford, said the president of the Luanda-Bengo Special Economic Zone Development Company.

António Henriques da Silva told the Angop news agency on Thursday that besides assembling some of the brands’ products locally, and consequently creating jobs, the aim is also to increase the export radius of those companies in the world.

Should an agreement be reached, the local assembly of some of the vehicles of these two international companies should lead to spare parts companies setting themselves up in Angola as well as attracting other leading world companies to Angola.

The president of the Luanda-Bengo SEZ also said that in a few days he will travel to South Africa, where he will hold talks with Volkswagen officials.

Silva said that the negotiation process has been ongoing for a long time, hence the need for the initiative to be implemented as soon as possible, taking into account the role these industrial units can play in the country’s economy.

Created in 2009, the Luanda-Bengo SEZ, with 8,000 hectares and an infrastructure area of 421 hectares, is a physically demarcated area offering tax benefits and competitive advantages.