Trade between Angola and Spain totals 750 million euros in 2010

19 October 2011

Luanda, Angola, 19 Oct – Trade between Angola and Spain totalled 750 million euros in 2010, the economic and commercial attaché for the Spanish embassy in Angola, Manuel Sanchez Melero said in Luanda.

Speaking to Angolan news agency Angop, Sanchez Melero said that Spain exported products to Angola such as machinery, vehicles, electrical materials and furniture and mainly imported oil and fish from Angola.

He also said that there were 45 Spanish companies from a variety of sectors operating in Angola.

According to Sanchez Melero the Angolan government has approved a number of projects involving Spanish companies, such as construction of Menongue hospital, the Cubal and Quizenga agri-industrial complex and five bridges in Namibe province, the refurbishment of six motor boats and 13 tugs for the Transport Ministry, as well as setting up a power transmission cable in the Viana municipal area and the International Luanda Fair (Filda).

According to Sanchez Melero, Spanish businesspeople are seeking new markets and the African market, particularly the Angolan market, are amongst their priorities. He added that the fact that the Angolan economy was experiencing rapid growth “has become a factor for the Spanish to look at Angola as a promising market.” (macauhub)