China’s CITIC builds 6,000 homes in Angola

17 March 2014

The construction arm of the China International Trust and Investment Company (CITIC) in the next few days is due to start building 6,000 homes on the outskirts of the Angolan city of Malanje, a group official said Saturday.

The assistant director-general of CITIC for Africa, Lui Gui Gen, declined to give a figure for the investment involved in the project but said that the economic viability study and models of the apartments to be built had already been approved.

“The company is now only waiting for Sonangol Imobiliária e Propriedades (Sonip) to authorise work to begin,” said Lui.

This real estate project includes construction of roads with domestic sewage and drainage systems, water and telecommunications networks, as well as electricity and a petrol station, police station, fire station, health centre and public lighting system.

Lui Gui Gen said that in Malanje CITIC would also build a wood-processing factory and start the second phase of construction of the city’s integrated infrastructure. (macauhub)

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