The Minister of Economy and Planning, Mário Caetano João, and the UNDP's resident representative in Angola, Edo Stork, signed the agreement, which is part of the diversification of the economy.
According to a press release from the Ministry of Economy and Planning (MEP), the Government "has made efforts to develop actions aimed at accelerating the manufacturing industry" and the UNDP presents itself as "one of the strategic partners".
The partnership between MEP and UNDP aims to support the Ministry of Industry and Commerce to establish an "investment monitoring platform" accessible to companies and public institutions across the country.
The platform "will bring together comprehensive information not only on how investors respond to the business environment, but also on how they impact employment, skills development and technology diffusion."
The project, according to the authorities, will "strengthen" the actions of the Industrial Institute and Technological Innovation of Angola in the sense of strengthening rural industrial parks, including strengthening the legal framework and its operationalization.
For the MEP, the project will also strengthen the sector's capacities to carry out industrial diagnoses, select priority industrial sectors and assess the economic, social and environmental impacts of industrialization.