Beijing prepares new development projects in Angola

27 October 2006

Beijing, China, 27 Oct – China’s deputy trade minister, Wei Jianguo, said Thursday in Beijing that China would increase its development projects in Angola, many of which are already at the feasibility study stage.

“We are available to take on a greater role in the reconstruction of Angola,” said Wei in a press conference in Beijing on China-Africa relations.

“As well as the development projects already agreed with the Angolan government, there are other sunder discussion, some of which have already been agreed and others at the feasibility study stage,” he added.

Wei said that the Angolan projects “cover a large number of areas,” including infrastructure, transport, construction, fisheries, agriculture, culture, sports and housing.

Wei was speaking at a press conference to present the head of state and government summit of the Forum of China-Africa Cooperation (FOCAC), to be held in Beijing between November 3 and 5 and at which the Angolan delegation will be headed by President José Eduardo dos Santos.

Mentioning projects already financed by China, which he said had mainly been in the construction and infrastructure sectors as well as the chemical industry and oil processing, Wei said that “all of this is necessary and requested by Angola.”

In the first nine months of 2006, Angola overtook South Africa to become China’s biggest African trading partner with total trade of over US$9.3 billion.

In the first half of 2006, Angola exported 94 million barrels of oil to China, or 18.2 percent of total Chinese oil imports making it the country’s biggest supplier, according to figures from China’s customs. (macauhub)