Angola and Chinese province of Guangdong prepare industrial park in Luanda

20 October 2017

An industrial park of about 2,000 hectares will be built in Luanda province under cooperation with China’s Council for Promotion of International Trade in Guangdong (CCPIT), said the chairman of the Business Confederation of Angola (CEA) on Thursday in Macau.

“We are preparing to build a large business park – the Luanda-Guangdong Business Park – in Luanda province, more specifically in Viana, in the special economic zone, where companies from Guangzhou can be set up,” said Francisco Viana on the sidelines of a forum for trade and investment between Angola, Guangdong and Macau, as part of the Macau International Fair (MIF), which began on Thursday.

Viana, quoted by Portuguese news agency Lusa, said that this protocol is related to another one – also in the final phase of preparation – between the provinces of Luanda and Guangdong.

This edition of MIF has Angola as a guest country and Guangdong as guest province. and there are expectations about signing agreements during the event, something the President of the Angolan Business Confederation recognised.

The agreements did not come about because, according to the president of the CEA, general elections were held in Angola, which resulted in the change of the President, the ministers and the provincial governors.

Trade between China and Angola totalled US$15.06 billion in the first eight months of the year, according to figures from China’s Customs Services released by Forum Macau. (macauhub)