[2019-10-15] Foreign businesspeople invest in Luanda/Bengo Special Economic Zone, Angola

Source: Macauhub

Businesspeople from India, South Korea, the United Arab Emirates and Eritrea are among foreign investors opening factories in the Luanda/Bengo Special Economic Zone, according to a source from the zone’s development company.

The source, quoted by Angolan state news agency Angop, said Emirati entrepreneurs are investing in a tractor assembly plant, Indians are investing in a milk package and rafia bag unit and the Eritreans are investing in a soap factory.

These plants may start operating this month, and the management of the special economic zone development company, which was incorporated in 2009, also expects to receive investments from China, France, Japan, Portugal, South Africa and the United States.

The 160 companies in the special eocnomic zone operate in areas such as the food industry, beverages, metallurgy, building materials, plastics, vehicle assembly, paints and varnishes and carpentry.

Henriques da Silva, Chairman of the Board of Directors, reiterated that the space was open for private investment, as conditions were in place for this purpose, in a message he addressed to workers on the company’s tenth anniversary.