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Sat, 21 Oct 2017 10:15 - Updated Sat, 21 Oct 2017 10:15

UTAIP signs private investment agreement in Macau

Luanda - A private investment agreement valued at USD one million to support the construction and public works sector in Angola was signed on Thursday in Macao city, People's Republic of China, Angop learnt on Friday.

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Cláudio Rodrigues, UTAIP Director

Photo: Cedida

Participants in the forum of Macao - CHINA

Photo: Cedida

The agreement signed between the Technical Unit for Support to Private Investment (UTAIP) of the Ministry of Construction and Public Works of Angola and the company China Building Tecnique Group Co results from the investment opportunities that exist in Angola, presented last Thursday by the Angolan delegation, which participated on October 19-20 in the 22nd edition of the Macao International Fair.

The signing of the contract between the two parties was done by UTAIP director, Cláudio Rodrigues, and the manager of the Chinese company, Lv Jie.

In addition to this contract, the Angolan delegation held meetings with Chinese companies interested in investing in Angola, which addressed issues related to the transfer of technology and the training of Angolan technicians in the different fields of civil construction and public works.

"We want to attract private investment to continue developing projects under public and private partnerships, always guaranteeing the commitment to reserve 35% of the value of the investment for Angolan businessmen", said the UTAIP director.

Before signing the contract, Cládio Rodrigues lectured on the characterization of the construction and public works sector, as well as the number of Chinese companies licensed in Angola and the challenges that the sector has to invest in public and private partnerships.

The fair, entitled "Economic Forum for Trade and Investment between China and Portuguese-Speaking Countries," was held under the motto "Financing sustainable projects and cities".

In recent times, Chinese companies, under the China Credit Line (LCC), invested 11 million USD 560.000 in the construction sector, allowing the construction of various infrastructures in the country.

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