Angola: Brazil’s Camargo Corrêa to continue investing in Angola

5 November 2008

Luanda, Angola, 5 Nov – Brazilian construction company Camargo Corrêa plans to invest US$2 million over the next few months in partnership with Escom Imobiliária, of Portuguese Group Espírito Santo, according to Jornal de Angola.

Rodrigo Santato told the newspaper that the partnership planned to hand over to customers an eight-tower, 148 housing unit project, with areas ranging between 140 and 190 square metres.

A second project for foreign and national companies planning to set up new headquarters is already underway, Santato said.

With 70 years’ experience, the Camargo Corrêa group is responsible for several infrastructures in Brazil and is set up in 12 countries, with projects to build hydroelectric power plants. (macauhub)