Sonangol seeks industrial partnerships for projects in Angola

20 October 2011

Luanda, Angola, 20 Oct – Angolan state oil company Sonangol plans to set up 7 new industrial units in the Special Economic Zone (ZEE) and is seeking partnerships with private companies to carry them out, a group official said.

Bravo da Rosa, chairman of the Executive Commission of Sociedade de Investimentos Industriais (Siind), the arm of Sonangol responsible for coordinating and managing industry, said that the 73 new industrial units covered activities as diverse as metal mechanics, galvanisation, manufacturing prefabricated houses, recycling, glass production and even poultry production.

Cited by Angolan news agency Angop, the chairman of Siind said that businesspeople interested in setting up partnerships would need experience of the Angolan market, as well as having audited accounts, be up to date with all tax obligations and meet other legal requirements.

The ZEE, which was set up in 2005 and regulated by Presidential Decree 49/11 of 9 March, is located in the Viana municipal area, 28 kilometres to the east of Luanda and has a commercial hub as well as an industrial hub, a technology and convention centre and covers an area of 8,300 hectares. (macauhub)