The Indian business group Palmentar General Commerce is investing 2.7 million US dollars in a detergent and hygiene products factory, located in the Luanda/Bengo Special Economic Zone (ZEE).
The signing of the contract for the installation of the factory recently took place, in Luanda, between the ZEE Board of Chairman, Henriques da Silva, and the representative of that company, whose name was not revealed to ANGOP.
The project, according to the ZEE source, will be implemented in an area of 2.5 hectares, whose works begin this November, with a completion period of 12 months.
At least 39 job places for nationals and four for foreigners will be created.
Besides the Indians, South Korean, United Arabian Emirates and Eritrean entrepreneurs are equally investing in the ZEE.
As an example, businessmen from the United Arab Emirates have invested in ZEE to set up a factory for processing agricultural products such as tractor assembly, while Indians are investing in setting up a raffia sack and milk factory.
Meanwhile, Eritrean businesspeople also set up a soap factory in the ZEE.
The ZEE Development Society, created in 2009, expects to receive investments from China, France, Japan, Portugal, South Africa and United States.
With 160 companies installed under the Privatisation Programme (Propriv), twenty-five are awaiting privatisation, right after the disposal of five manufacturing units this year.
In ZEE are installed factories related to food, beverage, metallurgy, building materials, plastics, vehicle assembly, paints, varnishes and carpentry.
Source: Angop
