The gradual process of industrialisation will enable competitive import substitution and allow Angola to become an exporting country, the country’s Secretary of State for Industry, Kiala Gabriel said Wednesday in Luanda.
The Secretary of State also said that growth of the industrial sector had the additional advantages of creating jobs and offering products to the market.
On the sidelines of the opening ceremony of four new companies, as part of the celebrations of the 16th anniversary of the Viana Industrial Development Hub, Kiala Gabriel pointed out that the hub is already home to over operating 100 industrial units.
The Industrial Development Hub Viana is an area for development of industrial projects in Luanda, created by the Standing Committee of the Council of Ministers in Resolution No. 4/98 of 27 March, as part of the master plan for the industrialisation of Angola.
The hub has an area of 2,700 hectares, divided into three zones: zone A, the oldest, zone B that was developed more recently and zone C focused primarily on logistics.
There are currently over 500 companies operating in the hub in the fields of light industry, transport, trade, construction and services. (macauhub/AO)