Ver Angola

Raw Materials

Government seeks investors in Dubai and admits opening new diamond hub

The minister of Mineral Resources, Oil and Gas this Tuesday, in Dubai, appealed to a hundred businessmen in the diamond sector to invest in the country, and admitted opening a new diamond hub in Lunda Norte.

: Ampe Rogério/Lusa
Ampe Rogério/Lusa  

Diamantino Azevedo, who was speaking at the Diamonds Press Conference in Dubai, reiterated the opening of the Angola Diamond Exchange in 2022 and highlighted that the approach of the electoral cycle will not be an inhibiting factor for investors.

"The country is politically stable and already has 20 years of effective peace", said Diamantino Azevedo, quoted in a note from the Ministry of Mineral Resources, Oil and Gas (Mirempet).

At the forum, which was attended by more than a hundred businessmen of various nationalities, Diamantino Azevedo introduced the diamond cutting and polishing industry to the Saurimo Diamond Development Hub (Lunda Sul province) and highlighted the improvements in legislation and the business environment, appealing to them to create factories in Angola.

The minister expressed the wish that Angola "increasingly participates in the diamond cutting industry segment" and added that as soon as the vacancies are filled at the Saurimo Pole, for which it seeks the status of a Free Zone, another one will be built. Polo, in Lunda Norte, a province that was represented at the forum by the governor, Ernesto Muangala.

The Saurimo Complex, opened in August 2021, has 26 lots, with three diamond cutting factories, a school factory and a training center currently installed and operating, with two units under construction and more than 20 vacancies to be filled. , according to Mirempet.

Located four kilometers from the city of Saurimo, the Polo, which had a public investment of 77 million dollars, aims to create, when fully operational, 5,000 jobs.


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