The United Arab Emirates leads and is currently the Top 10 in Foreign Direct Investment (FDI) in Angola, with US$351.7 million.
Of the 48 countries that invest in Angola registered by the Agency for Private Investment and Promotion of Exports and Imports (AIPEX), totaling USD 2.7 billion, with 234 projects, followed by the Top 10 list comes the United Kingdom, with 283.1 million US dollars, with 8 projects under execution, from 2018 to March 2022.
According to the AIPEX report to which ANGOP had access, China remains in third position, with an investment of US$225 million, with 24 projects undergoing, Germany in fourth position with US$93.6 million, with four projects.
Also read: Angola takes charge of downstream developments
The list also includes France with an investment of USD 36.8 million, with 3 projects, followed by Belgium with 24.5 million, with 2 projects, Hong Kong with USD 20.5 million and two projects, Portugal with USD 19.2 million with 45 products, Eritrea with 12 million and Switzerland with 10 million dollars, appearing on the bottom of the Top 10.
By sector of activity, projects with foreign direct investment are linked to mining, financial activity, telecommunications, civil construction, education and health, tourism, fishing, agriculture, commerce and industry.
The investments and the implementation of the projects allowed the creation of more than 34.005 jobs for nationals and 2.800 for expatriates.
From 2018 to March 2022, Angola summed US$5.5 billion in domestic, mixed and foreign capital investments, with a total of 469 projects.
Also read: Senegal and Angola sign 6 cooperation agreements
Of this total, the country has an internal investment of around 32.36% (USD1.7 billion), 48.72% foreign capital and 18.89% mixed.
Research has shown that the prospects of the United Nations Conference on Trade and Development (UNCTAD) for global FDI in 2022 are positive, and it is unlikely that the growth rate recorded in 2021 will be repeated.
This United Nations body believes that international funding for projects in infrastructure sectors will continue to drive this growth.