Portugal’s Mota-Engil focused on Angola and has order of over 400 million euros up to 2008

7 July 2006

Lisbon, Portugal, 07 July – The order book of Portuguese construction company Mota-Engil in Angola totals 400 million euros up to 2008, a figure which is expected to increase due to the strong potential of the Angolan market, the company’s international director, Arnaldo Figueiredo said Thursday.

“The Mota-Engil group, which is specialized in construction and public works, is the only one in this area of activity that has always been present in Angola (before and after the Portuguese revolution) by focusing on a medium- and long-term strategy in the country, where in 2005 turnover totaled 166 million euros, or 50 percent more than in the previous year, and expects to increase by around 20 percent by the and of the year,” Figueiredo said on the sidelines of the third Africa forum held in Lisbon.

According to the manager, Mota-Engil is currently investing 15 million euros on equipment in Angola this year, a figure which shows the country’s interest in the potential of the country’s market.

Figueiredo said he was optimistic about the future of business in Angola where the company is involved in building highways, bridges and road infrastructures, a well as housing.

The Mota-Engil group was set up in 2000 after two companies owned by the Mota family, Algosi and Vallis, launched a takeover bid for construction company Engil. (macauhub)