Africa Angola Construction Economy FDI Fish Investing

Angola shipyard partners with Chinese companies to build fishing vessels

Sociedade de Pescas de Kwanza Sul (Sopesul) in Angola plans to increase construction of semi-industrial fishing vessels from wood, to minimise the costs related to imports, with partners from China, the owner of the shipyard told daily newspaper Jornal de Angola.

António Vieira said that, in order to make the project sustainable, Sopesul and its Chinese partners, which he did not name, were preparing an investment package worth around US$5 million.

“We are creating conditions to become the largest shipyard in Angola, with construction of semi-industrial fishing vessels and we are gradually responding to serious gaps in that area,” he said, noting “the good supervision” by the Ministry of Fishing and the Sea, which will allow for licensing of the vessels that are built at the shipyard, in the city of Lobito.

He noted that the provinces of Cabinda, Zaire, Bengo and Kwanza Sul will provide the wood to build the vessels, and only the nets, GPS system, refrigeration system and 40-knot engines and other equipment will have to be imported.

“There are no constraints on purchasing the materials in the country and in China we have a supplier of equipment for electronic navigation and locating shoals of fish,” Vieira added.

Source: Macauhub

Leave a Reply

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

%d bloggers like this: