Portuguese construction company Conduril – Engenharia plans to expand its business in Angola as an alternative to the lack of work resulting from the crisis facing Portugal, said the company’s chief executive Benedita Martins.
Cited by Angolan state newspaper Jornal de Angola, she said that the focus on Angola was due to the “language advantage,” as well as “opportunities that appeared,” at the beginning of the 1990s.
Last year Angola accounted for 54 percent of Conduril’s consolidated turnover, which exceeded 238 million euros, and Martins noted that, “Angola for the last four or five years has been Conduril’s main market in terms of turnover.”
The projections from Martins point to increased importance of this market within the company’s business, mainly due to the effect of the recession in Portugal, where this year there has been an abrupt drop in public works.
According to Martins, Conduril’s portfolio of projects currently totals 380 million euros and just 100 million euros are for the Portuguese market.
In Angola, Conduril is also boosting its presence, and is in the process of finalising the establishment of Urano, a metallurgical company that will initially support Conduril’s activities, but which later is also intended to work outside the group. (macauhub)