Angolan agency signs two new investment contracts

13 July 2016

Angola’s Technical Unit to Support Private Investment (UTAIP) of Angola has signed two contracts in the construction sector, worth US$9.68 million, both projects for the Angolan capital, local media reported.

The contracts, the first this year for the sector, were signed with Griner Engenharia, for a national investment of US$9.18 million for construction of a concrete and bitumen plant and with Civep Contraven Angola, for an investment of US$500,000 to set up a unit to provide general technical building services.

The second phase of the Griner Engenharia includes a factory for aluminium frame assembly and carpentry.

Angola’s Construction Minister, Waldemar Alexander, who witnessed the signing ceremony, said in his speech the creation of new jobs and the training component were a step towards reducing the number of skilled foreign workers in the country.

At the time, the head of UTAIP at the Ministry of Construction, Cláudio Rodrigues, said that five more projects are being processed relating to investments from Portugal, China and Angola. (macauhub/AO)