Angola’s national private investment agency ANIP signed 16 new investment contracts Thursday in Luanda worth a total of US$103.8 million, Angolan news agency Angop reported.
The president of ANIP, Maria Luísa Abrantes said that the new contracts focused on providing services to he oil and gas industry, metal cleaning an collections, production and distribution of spirits, and manufacture of plastics and PVC tubes.
Speaking to Portuguese news agency Lusa, the ANIP presidents aid that Portuguese private investment in Angola, the second biggest in Angola after China in terms of setting up small and medium-sized companies, was constant but as yet not as much as expected.
“Every month ANIP signs investment contracts with capital from Portugal, but it’s not a significant number,” said Abrantes.
Amongst the 16 new contracts is one for GS Staalwerken Angola, Lda, an investment of almost US$3 million to manufacture metal-mechanical equipment in the Viana area, 20 kilometres from Luanda.
The director of the company, controlled by a group from the Netherlands, Paulo Santos said that the group had been working with Angolan partners for 15 years and had now decided to build an industrial unit in Angola.
“We thought it made sense to have an industrial unit in Angola, so we could be closer to the customer, to respond better and more quickly and to take advantage of the resources that Angola has to offer more competitive prices,” said Santos, the director of the company expected to start operating at the end of the year. (macauhub/AO)