Government of Angola lists projects for private investment

22 July 2015

The government of Angola has identified a number of priority projects that require investments of US$47.9 billion, which are viable and attractive in both economic and social terms, said Tuesday in Luanda the minister of Economy.

Abraão Gourgel was speaking at the opening of the 6th Germany/Angola Economic Forum, intended to identify business opportunities in Angola and priority areas for two-way cooperation, said that this set of projects to be executed over the next five years, was based a cluster and supply chain strategy.

The minister told German businessmen that the identified projects were in the energy and water sectors (65 projects), valued at US$14.4 billion, food production and agribusiness (57 projects), costing US$2.8 billion, housing valued at US$6.3 billion and the transport and logistics sector (123 projects), worth US$24.4 billion.

Cited by Angolan news agency Angop, the minister of Economy presented an overview of the Angolan economy, with particular reference to the significant impact of low oil priceson public finances and the foreign exchange market.

As part of the programme of the 32nd edition of the Luanda International Fair (Filda), which opened to the public Tuesday, the participants of this economic forum are discussing issues related to industrialisation of Angola and investment opportunities in the country’s provinces. (macauhub/AO)