First edition of Angola Real Estate Fair held in May in Luanda

22 March 2010

Huambo, Angola, 22 March – The first edition of real estate fair Salão imobiliário de Angola (Sima) is due to be held from 6 to 9 May in the Angolan capital, promoted by Feira Internacional de Luanda (FIL), the chairman of FIL said in Huambo Friday.

Matos Cardoso said that Sima was an initiative that aimed to contribute to attracting investment for development of the sector and to serve as a barometer for the relationship between the government and private entities interested in developing the real estate sector, both in terms of structuring the industry and attracting investments.

Matos Cardosos, who travelled to Luanda, amongst other things, to persuade the provincial government to encourage the participation of local businesspeople in fairs held in the country, gave no figures but said he was confident that the first edition of Sima would be a success and involve a large number of participants.

He said that FIL was working on several levels for Sima to be a veritable real estate “shop window” as the country requires proper business promotion at a time when the government plans to build over 1 million homes across the country. (macauhub)