Portuguese construction company MonteAdriano expects to triple sales in Angola

23 August 2007

Póvoa de Varzim, Portugal, 23 Aug – Portuguese construction company MonteAdriano Engenharia e Construção estimates that it will more than triple its turnover in Angola, surpassing the 50 million euro mark, the company’s chairman said in Póvoa do Varzim Wednesday.

In an interview with Portuguese news agency Lusa, Alípio Monte said he was “very satisfied” with the dynamism of the Angolan market, which is currently the main foreign market for his company, followed by Cape Verde, Romania and Morocco.

The company this year hopes to maintain its 2006 level of overall turnover at 300 million euros, with international business accounting for around 30 percent of the total.

“We are well set up and have been working for some time in Angola [since 2000], last year we had turnover of 16 million euros and in 2007 expect to reach 50 million euros,” Monte said, adding that to reach these results the compny had sent “a lot of equipment” to that market.

Between 2005 and 2006, Monte said, the company which specializes in roads and infrastructures invested around 3 million euros in the country.

According to Monte, the Angolan market is the “only chance for survival” for some Portuguese companies, both in civil construction, and in other areas “because the Angolan market is very attractive, as there is a lot of work there.” (macauhub)