Ver Angola

Politics

UAE entrepreneurs intend to invest in the creation of free zones in Angola

Businessmen from the United Arab Emirates (UAE) intend to invest in the creation of free zones in Angola. The intention was expressed in a meeting that the President, João Lourenço, had with the president of DP World, Sultan Ahamed Bin Sulayen.

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Sultan Ahamed Bin Sulayen, who was speaking at the end of the meeting, said that the meeting discussed "technology systems and studies for the creation of free zones and logistical development, so that Angola becomes more competitive in the cargo sector and logistics".

Cited by Angop, the official said that the amount to be made available for the investment will depend on the location and type of areas that are intended to be built.

However, the president of that company considered that the implementation of the project will simplify the movement of goods that leave and enter Angola, via the border areas.

According to Angop, the UAE company has been carrying out studies for almost a year to be able to proceed with the implementation of the project on Angolan soil.

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