Companies from China awarded contracts in Angola worth US$56.7 billion

5 April 2016

The accumulated value of contracts awarded to Chinese companies in Angola until the end of 2015, totals US%56.7 billion, the Chinese ambassador to Angola, Cui Aimin said Saturday in Luanda.

The ambassador, speaking at the celebration of the 10th anniversary of the Angola-China Camber of Commerce (CAC), said that of that amount 90 percent had been awarded to companies that were members of the chamber.

Cui Aimin noted that for Chinese companies Angola was the second-largest contract market in Africa and China’s third largest trading partner in Africa.

In the future, he said cited by Angolan news agency Angop, two-way cooperation will be focused on agriculture, industry, construction of railway and road infrastructure, hospitals and schools and power production and transmission.

The members of the board of the new Angola-China Chamber of Commerce took office Thursday in Luanda at a ceremony attended by the Minister for Hotels and Tourism, Paulino Baptista and the MInister for War Veterans, Cândido Van-Dúnem.

CAC replaced the former Angola-China Friendship Association and Chamber of Commerce, which was created in 1995 and has a board made up of 27 Angolan and Chinese businesspeople.

Manuel Arnaldo Calado, former president fo diamond company Endiama is the chairman of the board and  António Paulo Cassoma, who used to be the president of the Angolan parliament and prime minister, is the president of the general meeting. (macauhub/AO/CN)