Chinese consortium plans to invest in Huíla province, Angola

15 January 2018

A consortium made up of Angolan subsidiaries of Chinese groups CITIC and China Huashi Enterprises Co. plans to invest in water and agro-industrial projects in the province of Huíla in the coming months, its president, John Zheng, said in Lubango.

Zheng was speaking at a meeting with the provincial governor of Huíla, João Marcelino Tyipinge, with the participation of local business people, along with officials from the provincial directorates of Geology and Mining, Agriculture, Livestock, Fisheries and Forestry, Energy and Waters and Tourism Offices.

Zheng, who did not disclose the amounts that would be invested, expressed interest in getting involved in the region’s development plan, through water supply projects under a public-private partnership, according to Angolan state news agency Angop.

The Angolan subsidiary of CITIC Construction, of the CITIC group, which has been in the country for ten years, was involved in the construction of the Kilamba and Zango housing estates in Luanda and more than 8,000 homes in Namibe and Lubango.

H&S-China Huashi Group operates in Angola in the construction and real estate sectors, as well as in the commercial and logistics area, agriculture and industry. (macauhub)