With a total value of USD 354,638,942.00 (three hundred and fifty-four million, six hundred and thirty-eight thousand, nine hundred and forty-two dollars), the sum of all the projects in the agri-food, hospital, manufacturing and aluminium industry, solar energy and furniture fields, with various international and national partners.
In this regard, AIPEX emphasises Angola’s commitment to strengthening its economy through the development of the industrial and energy sectors in particular. These contracts, valued at more than 354 million dollars, will create more than 1,200 new jobs when they come to fruition, reinforcing AIPEX’s role in supporting investors at all stages of this process and thus contributing to the country’s economic growth.
Among the contracts is the construction of an aluminium industrial park with the Chinese company Huatong, the first phase of which is budgeted at 250 million dollars. The park, located in Bengo province, will focus on transforming aluminium into products such as ingots, alloys, electric poles, rods and plates.
The implementation of this project will not only strengthen Angola’s industrial base, but will also generate more than 800 direct jobs, making a significant contribution to the local economy and to family conditions.
The Quilemba Solar project, which will be signed next Monday, is the result of collaboration between Franco-Angolan partners, with an investment of 36.8 million dollars and will be set up in Huíla province to produce solar electricity, establishing a sustainable source of energy and creating 50 new direct jobs. And the Safcomex project, with an investment of 25 million dollars in Bengo, aims to produce cooking oil, bran and soya, creating 140 jobs. The Hospital Serum factory, located in Luanda, has an investment of 15 million dollars and will create 503 jobs
The Ponto Mais project is focused on furniture production, with an investment of 10.3 million dollars in Luanda, and is expected to create 77 jobs. The Baía Fish project, with an investment of 17.5 million dollars in Benguela, will focus on catching and processing fish, adding 165 new jobs to the local economy.
AIPEX’s mission is to promote and attract private investment from home and abroad, with the aim of contributing to the country’s socio-economic development, as well as promoting the increase and diversification of exports of the country’s products and services.
Agency for Private Investment and Export Promotion (AIPEX), in Luanda, on 17th May 2024