Ver Angola

Economy

AIPEX registered 345 projects in three years. Investments can be worth more than three billion to the State

In the past three years, the Agency for Private Investment and Export Promotion (AIPEX) has registered a total of 345 investment projects, valued at more than three billion dollars.

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According to the assessment made by the president of the institution's Board of Directors, António Henriques, the initiatives are divided by activity sectors, with the list led by the manufacturing industry. The figures reveal that more than half of the projects registered in the last three years (79 percent) are linked to the manufacturing industry.

Cited by Angop, the official explained that this sector has a total of 153 projects, valued at US$1.7 billion.

This is followed by the area of commerce (78 projects valued at US$149 million), services (69 projects budgeted at US$313 million) and agriculture (16 projects valued at US$213 million).

According to António Henriques, if these projects are implemented more than 24,000 jobs may be created: "If they are implemented as registered, the projects may create about 24,987 direct jobs, of which 23,191 will be for Angolans and only 1796 for expatriates.

Luanda is the preferred province for investors, he said, adding that about 79 percent of the initiatives registered are in the capital. In second place in the preferences comes the province of Bengo, followed by Benguela and Malanje.

Henriques said that of the total number of projects, 81 are already being "implemented and in effective exercise, generating 7,279 direct jobs, while another 254 are in the process of implementation and ten cancelled due to initiatives by the proponent investors.

He also stated that the 81 projects are valued at 1.19 billion dollars. Of these investments, 36 are in the industry sector, 25 in commerce, and five in agriculture.

The main investors in the country are China and the United Arab Emirates, he indicated. According to the official, each of the countries has four projects underway. China's four initiatives are budgeted at 44,193 million dollars, while the UAE's four projects are valued at 153,377 million dollars, he added.

In addition to helping create new jobs, these investments have also bolstered the focus on domestic production, leading to a decrease in the number of imports. Figures reveal that from 2018 to September last year, the volume of imports fell from 43 to 22 percent.

With a very positive balance, the focus for this year is to bet on attracting investment to the area of agriculture, the textile sector, mining and fisheries, indicated the responsible.

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