Ver Angola

Industry

AIPEX signs investment contracts worth more than 213 million dollars

The Private Investment and Export Promotion Agency (AIPEX) signed, this Tuesday, two private investment contracts, in the total amount of 213,649,280.59 dollars.

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The contracts – according to a note from AIPEX, which VerAngola had access to – were signed with Naval Indústria de Bens Alimentares e Saboaria and Fozkudia Parque Industrial.

The signatories of the contracts were Lello Francisco, chairman of the Board of Directors (PCA) of AIPEX, Domingos Agostinho, representative of the Naval Indústria de Bens Alimentares e Saboaria project, and Maria Mendes, representative of the Fozkudia Parque Industrial project.

The documents now signed, according to the statement, are aimed at activities such as the production of pasta, wheat flour milling, corn meal and bran, as well as the production of biscuits, biscuits and the manufacture of corrugated cardboard boxes.

The projects will be implemented in the capital, with the expectation of generating more than 1000 direct jobs. "These will be implemented in the province of Luanda, with the forecast for the creation of 1332 direct jobs, of which 1300 for national workers", reads the AIPEX note.

According to Maria Mendes, cited by Angop, the biscuit production line – one of the project's four production lines – will be capable of processing 720 tonnes per month, in an investment estimated at 12 million dollars

The factory unit of Naval Indústria de Bens Alimentares e Saboaria, valued at 201.64 million dollars, will be dedicated to the production of pasta, wheat flour, corn meal, bran, among others, having, on the occasion, Domingos Agostinho mentioned that the initiative is made up of three factories, one of which is capable of producing 800 tons per day and the remaining 150 tons per day each.

The head of Naval Indústria de Bens Alimentares e Saboaria also said that the company wants, by the end of next year, to respond "to the needs of the country". "We intend, by the end of 2024, to respond to the country's needs by more than 50 percent and contribute to the reduction of imports in this food segment", he said, quoted by Angop.

Lello Francisco said that "the implementation of these projects represents an increase in national production capacity and is part of the country's effort to improve food production".

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