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Mon, 14 Oct 2019 18:37 - Updated Mon, 14 Oct 2019 18:37

Angola: Foreign businesspeople bet on SEZ

Luanda - Businesspeople from India, South Korea, the United Arab Emirates and Eritrea are part of foreign investors who are investing funds to open factories in the Luanda / Bengo Special Economic Zone (SEZ).

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António Henrriques da Silva, PCA da ZEE

Photo: Joaquina Bento

Glass industry, located at Special Economic Zone

Photo: Rosário dos Santos

For example, businessmen from the United Arab Emirates are investing in SEZ to set up a factory for agricultural products such as tractor assembly, while some Indians are investing in setting up a milk factory and raffia bags.

According to a source who was speaking to Angop Monday, these factories may start operating in November.

The source also said that Eritrean businessmen are setting up a soap factory.

The SEZ Development Society, established in 2009, also expects to receive investments from China, France, Japan, Portugal, South Africa and the United States.

In its 10 years of existence, six industrial companies were inaugurated, which allowed the creation of 300 new jobs.

With 160 companies installed under the Privatization Program (Propriv) at least 25 firms are awaiting privatization following the sale of five plants during this year.

In SEZ there are factories linked to the food, beverage, metallurgy, building materials, plastics, vehicle assembly, paints and varnishes and carpentry industries.

In addition, the SEZ offers various services to support industrialists, such as electricity, water, telecommunications, fire brigade, police, migration and foreigners, among others.

In the anniversary message addressed to SEZ workers and investors, to which Angop had access, its chairman Henriques da Silva reiterated the opening of the space for private investment, considering that the conditions were created for the effect.

Economic diplomacy, a work that has been done directly with the embassies and consulates of the Republic of Angola in various countries, is one of the strategies of the SEZ Board of Directors to attract new investments, according to Henriques da Silva. .

SEZ Luanda-Bengo's main mission is to develop and manage infrastructures, flexible spaces with competitive advantages and security.

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