Angolan company invests US$45 million in housing and industrial centre in Cabinda province

26 October 2012

Operatec, an Angolan company providing services to the oil industry, has invested US$45 million in building and equipping the first phase of the Malembo Development Centre (CDM), in Angola’s Cabinda province, the Angolan press reported.

In this first phase six building have been built which, as well as housing, include other areas such as a canteen, gymnasium, games room, swimming pool and support services for the centre, which is expected to house 380 residents.

The managing director of Operatec, Alberto Figueiredo, gave assurances that the centre was an advantageous option for oil companies that operate in the industrial park of the Cabinda Gulf Oil Company Limited (CABGOC), a subsidiary of US oil group Chevron, in Malongo, Cabinda province.

The will be built in four phases, and the following phases will include more houses and an industrial area, which is already underway.

When it is finished, which is expected to be in 2014, the CDM will be able to house 1,440 people following a total investment of US$100 million.

The Malembo Development Centre is a partnership between Operatec Ltd., OPI Internacional and a third company, which is being built on an area of 141 hectares, split between a housing area (31 hectares) and an industrial area (110 hectares). (macauhub)