Wednesday 18 October 2017

Industry Ministry signs USD 19.3-million investment contracts

Industry Ministry signs USD 19.3-million investment contracts
(Angola Press(En) 05/11/16)

Luanda - The Ministry of Industry signed on Wednesday eight private investment projects valued at USD 19.3 million, of which USD 15.7 million belongs to national investors.

The signed contracts aim to implement projects in the sectors of non-metallic construction materials, metalurgical industry, synthetic and artificial fibers, textile, non-metallic mineral chemical products, leather industry and products.

The Industry minister, Bernarda Gonçalves Martins, said during the ceremony that the approved projects will be implemented in the provinces of Luanda and Bengo and they expect to generate 1.223 direct jobs.

"The projects are in line with the new private investment policy and respond to the various objectives identified in the National Development Plan (PND) for 2013-2017, ensuring the achievement of the objectives of the national production development, employment promotion and qualification of national manpower to provide the effective supply of the domestic market and import substitution", he said.

Bernarda Gonçalves Martins added that as provided in investment contracts between the ministry and private investors is in the range of the successful implementation of the investment, the ministry as state representative will provide the necessary institutional support through monitoring mechanisms together with other state agencies involved in the field of private investment.

The minister said that since the beginning of this year, the Technical Unit to Support Private Investment (UTAIP) has signed about 13 contracts estimated at about forty million US dollars, corresponding to the expectations created in the opening of the unit.

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