Angola wants more investment from China

29 May 2015

The Angolan Secretary of State for Industry, Kiala Gabriel, said Thursday in Beijing, conditions were being created in Angola to attract investment from China on the basis of technology transfer and industrialisation experience.

Gabriel, who was speaking at the end of the 5th Angola/China Cooperation Joint Commission, said Angola needed modern technology so that the country’s industry can increase productivity and achieve a high level of competitiveness, supporting the economic diversification process.

Cited by Angolan news agency Angop, the secretary of state noted Chinese representatives had expressed interest in investing in Angola in the steel sector, cement production, the automotive sector and flat glass production.

The State Secretariat for the Economy, Laura Alcântara noted that Angola expects more investment from China in order to achieve the goals outlined in the current Economic Diversification Programme underway in the country.

Alcântara said Angola’s was receptive to Chinese companies taking part in the industrialisation process in large projects. (macauhub/AO/CN)