Angola: Luanda logistics and distribution center expected to cost US$200 million

14 December 2007

Luanda, Angola, 14 Dec – The construction of the Luanda Logistics and Distribution Center (Clod), in the municipal area of Viana, over an area of 200 hectares, is expected to cost US$200 million, the Angolan deputy trade minister Manuel da Cruz Neto said Thursday in Luanda.

Speaking to Angolan news agency Angop, Neto said that the project was part of the Program for Restructuring of the Logistics and Distribution System of Products Essential to the Population (Presild) and was aimed at supporting domestic production and easing the job of supplying products.

He also said that the start of work was scheduled for the first quarter of 2008 and, at the moment, preparations were underway for creation and finalization of the conditions of the program, which as well as Luanda will cover other parts of the country.

The Presild program, which also includes the Clod, is a program set up in November 2006, with the aim of creating structures to promote retail activity in Angola.

Presild has so far served 2.5 million customers in 10 stores, four of which in Luanda and others in the provinces of Huila, Bié, Cabinda, Huambo, Benguela and Malanje.

By September 2008, Presild plans to build a further 21 supermarkets in the Nosso Super network, bringing the total number to 31, as well as two distribution centers. (macauhub)