Cabinda industrial hub, in Angola, is under new management

8 October 2018

The Industrial Development Institute of Angola (IDIA) has taken over the management of the Fútila Industrial Complex (PIF) replacing Angolan company Benfin, “which has not done anything since 2015,” IDIA’s director general said on Friday in Cabinda.

Luís Ribeiro, during the presentation of the new board of PIF, said that IDIA was ready to complete the basic infrastructure works that has been at a standstill since 2015 and to create conditions for the companies that will be set up at the industrial hub.

The construction of the Futila Industrial Hub is expected to cost US$36.6 million, with the participation of institutions such as the World Bank (WB), Angolan national oil and gas company Sonangol, the central government and provincial government of Cabinda, as well as some companies.

Located in the Malembo plain, about 30 kilometres north of the city of Cabinda, the Fútila Industrial Hub covers an area of ​​2,345 hectares, of which 112 hectares will be part of the first phase and housing at least 12 of the 56 registered companies.

The hub will be home to detergent plants, wheat flour mills, factories for materials supporting the oil and construction industry, ceramics, wood processing, asphalt, concrete, as well as an animal feed factory.

In July 2017, Industry Minister Bernarda Martins said the first phase of the construction of the Fútila Industrial Complex (PIF), which began in 2013 in Cabinda, would be completed in the next 15 months, i.e. October 2018.

The Benfin company was incorporated on 21 December, 2007, and its shareholders were José Filomeno de Sousa dos Santos, Jean-Claude Bastos de Morais, Júlia Germana Bastos, Gilberto de Jesus Cabral Pires and Mirco de Jesus Martins. (macauhub)