Angola: South Korea’s Eximbank funds construction of technological institute in Angola

6 June 2008

Luanda, Angola, 6 June – South Korea’s Eximbank is set to finance the construction of an information technology training institute for industry in Angola, a project which is valued at US$50 million, according to Angolan news agency Angop.

According to a document from the Angolan embassy in Seoul, the project’s funding follows a working meeting between the Angolan industry minister, Joaquim David and Eximbank officials in Seoul, South Korea.

The institute, which will be built in the Viana Industrial Hub, in Luanda province, is due to be concluded in 2009, although no date has yet been set for work to begin.

As well as the meeting with Eximbank, during his visit to Seoul, David , accompanied by the Angolan ambassador to Japan, Albino Malungo, met with his Korean counterpart for technology and the economy, Youn Ho Lee, with whom he discussed bilateral cooperation. (macauhub)