Portuguese construction company awarded construction projects in Angola worth 378 million euros

21 March 2014

Portuguese construction company Somague has been awarded new contracts for construction of two new buildings for Angola’s National Assembly and two fuel parks for state oil company Sonangol as well as concluding construction of a complex and shopping centre in Luanda, Spanish group Sacyr said.

In a statement, the Spanish group, which has a controlling stake of the Portuguese construction group, said that the new contracts had a joint value of 378 million euros, which is more than twice the value of the group’s current portfolio of orders for Angola, worth 172 million euros.

According to the statement the group was awarded the tenders to build two new buildings for Angola’s National Assembly – the country’s parliament – worth 98 million euros, to complete a housing complex in Luanda (158.2 million euros) and to build two new fuel parks for Sonangol costing 55.9 million euros and 66.4 million euros.

“With these new contracts Sacyr is boosting its presence in Angola where it has a portfolio of orders worth 550 million euros,” said Sacyr in its statement issued Thursday, 20 March.

The Spanish group noted that 81 percent of its portfolio of orders was outside Spain and that it was present, via its Portuguese unit Somague, in Angola, Cabo Verde (Cape Verde), Mozambique and Togo. (macauhub)