The Angolan Ministry of Industry has started the process of handing over provisional land titles to companies interested in investing in the industrial development hubs of Lucala and Massangano in the province of Kwanza Norte, Angolan news agency Angop reported.
The opening ceremony of the industrial hubs and the delivery of the first land titles was chaired, in Lucala, by the Minister of Industry, Bernarda Martins, who said the government did not want to wait for these hubs to have complete infrastructure before handing over land for industrial purposes “as the financial resources are not always available.”
Initially the industrial hubs of Lucala and Massangano will start operating, which are set up in areas of 1,165 and 853 hectares, respectively, and infrastructure construction is the responsibility of public entities either independently or through private sector partnerships.
The Lucala industrial hub, due to its strategic location, is essential for linking the province of Kwanza Norte to the north and east of the country and the Massangano hub is situated near the forest village of Cerca in Golungo Alto, and an area earmarked by the Ministry of Geology and Mining for processing iron ore.
The Minister of Industry, said the government of Angola supported private business initiatives that contribute to the development of the country and recalled that the proposed new Private Investment Law had already been sent to the National Assembly for discussion and approval and that an in-depth tax reform was underway to improve the business climate. (macauhub/AO)