Angolan group Gema and Portugal’s Edifer boost strategic cooperation

12 July 2011

Luanda, Angola, 12 July – Angolan group Gema and Portugal’s Edifer Monday in Luanda signed an agreement to boost their strategic cooperation with a view to carrying out joint infrastructure projects in Angola, Angolan news agency Angop reported.

The agreement covers Edifer Angola, Construções Fortaleza, Tecnasol Angola and Edimetal which, together, cover all the activities relevant to the construction and public works sector.

On signing the agreement, the chairman of the board of the Gema group, José Leitão, said that this type of partnership could help spread economic and technical risks as well as increasing the group’s technical capacities.

The Gema group has investments in agri-industry, ceramics, specialised oil services, cement, light metal mechanics and the steel making industry and has a turnover of around US$1.5 billion per year.

In her turn, Edifer’s representative, Vera Pires Coelho, said that Angola had always been a fundamental part of the Edifer group’s internationalisation strategy and this agreement between the groups was a natural progression of the process started in 2006, the year in which the first cooperation partnership agreement was signed.

Edifer’s main business includes construction and public works, foundations and geotechnics, metal mechanics and carpentry, railroad construction, green areas, concessions and real estate and its turnover totals 404 million euros per year. (macauhub)