Foreign companies moving to Angola can strengthen the Luanda/Bengo Special Economic Zone (SEZ)

14 February 2012

Luanda, Angola, 14 Feb – The number of companies operating in the Luanda/Bengo Special Economic Zone (SEZ) is still far from the desired and announced number and will depend on an increased influx of foreign companies, Economy Minister Abraão Gourgel stated in Luanda.

“We are expecting a rapid multiplication of that number as foreign companies move to Angola, especially in association with Angolan companies,” Gourgel said during an appearance in a programme on Angola’s TPA television.

He stated that the priority given to the Luanda SEZ, a project approved in 2005 by the Angolan government, is due to the province’s available conditions and market demands.

“It doesn’t mean priority for the capital but rather support for an SEZ located in a region where the conditions are best, with a more demanding and competitive market and a high number of consumers,” Gourgel added.

The Economy Minister explained that while SEZs are only now being implemented in Luanda, previous projects existed to build Industrial Development Poles in Catumbela (Benguela), Cabinda, Huambo, Matala (Huila) and Kwanza Sul, among others.

The Luanda/Bengo Special Economic Zone (SEZ) is located at kilometre 30 in Viana, with a total area of 8,300 hectares. Plans call for 73 distinct factories; eight of those factory units were inaugurated on 27 May 2011. (macauhub)