Luanda – The Private Investment and Export Promotion Agency (AIPEX), on Wednesday displayed to businesspeople and exhibitors taking part in the 39th edition of the Luanda International Fair (FILDA 2024), the agricultural potential and growing demand for innovative solutions to boost food production in Angola.
The AIPEX CEO, Arlindo das Chagas Rangel, presented the country’s potential during the Angola - Portugal Economic Forum with the theme “Food security: We build opportunities”.
Rangel stressed that joint initiatives can promote sustainable and responsible investments, protecting natural resources and guaranteeing food security in the long term.
He recalled that Angola and Portugal have a long history of economic and cultural relations, with great enthusiasm for strengthening these ties through forums, having recognized the European country as one of Angola's main strategic partners, with significant investments in various areas of the economy.
“We recognize the challenges we face, but we also have a clear vision of the countless opportunities that can be exploited when we unite our efforts and expertise,” Rangel said.
Arlindo Rangel stressed that Angola is emerging as a promising destination for strategic investments in the agricultural field, with fertile land and vast territory suitable for agriculture, which represents enormous potential for increasing food production and a gateway to the Southern African Development Community (SADC).
Rangel said Angola welcomes investments in agricultural infrastructure, which would promote sustainable agricultural practices and strengthen climate resilience, in line with the country’s government's initiatives to promote domestic production, such as the National Grain Production Plan (PLANAGRÃO).
He also pointed to projects linked to the Lobito Corridor and other infrastructure initiatives as other areas offering opportunities for investors.
Rangel highlighted the existence of investment opportunities in the Privatization Program (PROPRIV), which has 62 state assets in the process of being sold, in several sectors such as hotels and tourism, oil and gas, telecommunications and information technology, and finance.
The Angola-Portugal Economic Forum is part of the economic program aimed at both countries’ companies and entities with a presence in or interest in entering the Angolan market.
The main aim is to encourage increased bilateral relations, identify new business and investment opportunities and stimulate the participation of new economic operators in Angola's economic diversification efforts.
The 39th edition of the fair is being held under the motto “Food security and international partnership: the binomial of economic diversification”, in an area of 144,000 square meters, of which 42,000 are recreational exhibition areas.
The trade fair, with more than 1,350 exhibitors, is Angola's biggest showcase for national promotion, doing business and promoting jobs. FILDA's international character also has a fingerprint on promoting the diversification of the economy.
Being held in the Luanda-Bengo Special Economic Zone (SEZ) the fair is a direct or indirect invitation to invest in Angola. HM/QCB/AMP
