US group General Electric is at an advanced stage of negotiations with an Angolan business group to set up a partnership and build a factory in the Luanda-Bengo Special Economic Zone (ZEE), Angolan newspaper Novo Jornal reported.
The newspaper cited a “senior official,” of the ZEE who did not say what would be produced at the factory or which Angolan group was involved in the deal.
“Every day we are visited by representatives of companies that want to be part of the ZEE not only because of the facilities there, but also because of its levels of growth,” he said cited by Novo Jornal.
The official said that work was underway to establish tax, customs, and exchange rate incentives to be offered to investors in the Luanda-Bengo Special Economic Zone.
Currently the ZEE has production hubs in Viana, Bom Jesus, Catete, and Cacuaco, where eight factories are operating. (macauhub)