A business delegation from Saudi Arabia assessed this Tuesday, in the Luanda/Bengo Special Economic Zone (ZEE), the business opportunities in the areas of agribusiness, the polymer industry (various plastics), steel and dolomitic limestone.
The delegation, led by the chairman of the ASTRA multinational group (Arab Supply and Trading Company) Ali Musa Al Jabra, got to check in the industrial hub the current conditions to assemble investment projects in other sectors such as logistics, trade and services.
At the end of the visit, Ali Musa Al Jabra told the press that in the first phase he is in Angola to make contact with businesspeople and to meet with the government officials who deal with the business sector.
“Our group is composed by different sectors such as education, industry, agriculture and civil construction. So, we are in Angola and very happy with what we are seeing”, assured the official.
On his turn, the ambassador of Angola in Saudi Arabia, Fredérico Cardoso, pointed that the objective was to bring the mentioned entrepreneurs to known the business environment in Angola and to meet the business opportunities, facilities and the tax environment.
“In the Angolan diplomacy we are going to do all what it takes to use the comparative advantages and create competitive advantages in the country by serving as a bridge in these business world aiming to create jobs in Angola, to improve youths professional qualification, and, so, to produce more”, stated the ambassador.
The ambassador added that the economic democracy is one of the Angolan democracy pillars mainly in the diversification of the economy.
For that, the ambassador pointed the need to pay attention to the revenues out of the oil sector.
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“The world is permanently changing and the government vision has as its fundamental objective to seek for new sources and not only the production but also revenues for the country. We have to produce for the internal consumption and export. It is in this scope that one of the missions as an ambassador which is to attract investors for the Angolan economy”, highlighted the ambassador.
The ASTRA group has its headquarter in Riyadh, Saudi Arabia, and is among the top 100 companies in the Kingdom with investments in several countries, such as Iraq, Jordan, Qatar, Palestine, United Arab Emirates, Turkey, Morocco, Algeria and Egypt.
The group employs over 6000 workers in different sectors of activity namely construction and mining, education, energy, finance services and investment, food processing and agriculture, health and medicine, real estate and hospitality, mass communication, plastics, chemical specialties, steel and telecommunication.
However, this visit to Angola is part of the efforts of the Angolan Executive to attract more private, internal and external investment in sectors considered priority for the diversification of our economy and to create jobs.