africa Angola Economy FDI industry and commerce Logistic Trade Transport

Angolan special economic zone eyes more Chinese investments

Angola hopes to receive more Chinese investments to boost the Luanda-Bengo Special Economic Zone in the African country, according to Joao Salvador dos Santos Neto, Angola’s ambassador to China.

He made the remarks at the Angola-China Investment Forum held on Saturday in Guangzhou, capital of southern China’s Guangdong Province.

“Angola welcomes Chinese investments, and the government will be the protector for the rights and interests of foreign investors,” said the ambassador.

He added that China has offered great help in the recovering of Angola’s economy and he hopes that “Angola and China can have further cooperation.”

Established by the Angolan government in 2009, the Luanda-Bengo Special Economic Zone is a state-owned enterprise covering an area of about 840,000 hectares.

Antonio Herniques da Silva, CEO of the special economic zone, said the special economic zone eyes further progress in fields of medical treatment, metal manufacturing, agricultural equipment and energy.

“The Luanda-Bengo Special Economic Zone has abundant mineral resources, young labor force, superior geographical location, low transportation and logistics costs, and a consumer market of about 30 million people. These are our unique advantages and competitiveness,” he added.

Boasting rich natural resources such as oil and natural gas, Angola is China’s second largest trade partner in Africa.

Source: Xinhuanet

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.