Ver Angola


UAE interested in investing in Angola. Agri-food industry, tourism and hotels in the sights of entrepreneurs

Businessmen from the United Arab Emirates (UAE) showed interest in investing in Angola, with their eyes on the agri-food, tourism and hotel sectors.


The information is contained in a press release from the Angolan Embassy in that country, to which VerAngola had access.

"Several businessmen from the United Arab Emirates expressed interest in investing in Angola, namely in the agri-food industry, tourism and hotels," the note reads.

According to the statement, the intention was expressed last Monday, 26 September, to the extraordinary and plenipotentiary ambassador of Angola to the UAE, Albino Malungo.

"The will was expressed" on Monday, "to the Extraordinary and Plenipotentiary Ambassador of Angola in that Middle Eastern country, Albino Malungo, after having met with businessmen, on the sidelines of the opening ceremony of the International Hunting and Equestrian Exhibition of Abu Dhabi (ADIHEX)", completes the note.

It is recalled that until May of this year the list of the 10 countries that invest the most in Angola was led by the UAE. In other words, the top 10 of Foreign Direct Investment in the country was headed by this Middle Eastern country, with an investment of around 351.7 million dollars.

According to the data, which are part of a report by the Private Investment and Export Promotion Agency (AIPEX) and refer to the period from 2018 to March this year, the second place on the podium belonged to the United Kingdom (283.1 million of dollars) and in third place came China (225 million dollars).


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