SA firms to operate in Angola economic zone

SA companies spread their wings in Angola

SA companies spread their wings in Angola

JOHANNESBURG, (CAJ News) – A NUMBER of South African companies look set to establish operations in the Angolan Special Economic Zone.

This development comes at the invitation of the Administrator of the Luanda-Bengo Special Economic Zone, Jose Castro Paiva asked South African companies to locate their businesses in the zone and contribute in the growth and diversification of the Angolan economy.

Paiva was speaking during the visit to the zone by a group of South African businesspeople who are in Angola to participate in the Angolan international trade fair, FILDA (Feira Intenacional De Luanda). There are 24 SA companies who took part in the 32nd edition of FILDA which ended on Sunday.

He added that one of the means of achieving close cooperation in developing the economies of the two countries was for the South African companies to make use of the zone and set up their manufacturing operations there.

The zone has infrastructure available to support all the businesses locating in Angola.

These include government offices of departments such as ministries of industry, trade, interior, police and immigration.

In addition , the zone is strategically located between the new Luanda International Airport and fast-developing human settlements.

There are 8 500 hectares of land available for a variety of businesses in the zone. If agricultural reserves that the government has set aside for agricultural activities is included it brings the total to 550 000 hectares which is made available to business.

“The close political ties between the people SA and Angola have come a long way. Now it is the time to work together in developing our economies for the betterment of our people’s lives,” said Paiva.

CAJ News

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Posted by on Jul 27 2015. Filed under Africa & World, Featured, Investing, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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