Cacuaco – The Funda Industrial Park, in the municipality of Cacuaco, province of Luanda, will generate close to 20 thousand jobs, of which 10 thousand direct, according to the president of the Board of Directors (PCA) of the African Sunrise Investstment Group, Jack Huang.
Jack Huang made this statement on Saturday, during the laying of the first building stone for the project, to be built starting this month and lasting three/four years, in a space of 210 hectares.
He highlighted that the project will support 160 factories, including producers of furniture, textiles, medical materials, food processing, beverages, among others, and is valued at 600 million US dollars.
Jack Huang also referred to the fact that there are already many projects in the commercial sector in Angola, and the institution is making contact with them, as well as identifying business and investment opportunities, depending on the facilities and low energy costs, water and many other natural resources.
Without going into details, he announced that the institution will move towards new investment in the business and industrial sector as well.
The event was presided over by the Minister of Industry, Rui Minguês, flanked by the Chinese ambassador to Angola, Zhang Bin, and was attended by the president of the Angola/China Chamber of Commerce, Luís Compengala, among other guests.
On the occasion, minister Rui Minguês highlighted the importance of the investment, considering it a demonstration of commitment by the African Sunrise Investstment Group and the Chinese business community in general to the growth of the Angolan economy.
“The strategic location of the project, with easy access by road, rail, airport and port, highlights its importance within the scope of our country's regional integration in the free trade zone of the Southern African Economic Community (SADC), in the Economic Community of the States of Central Africa (CEEAC) and especially with our neighbors”, he emphasized.
Companies that settle there in the future, he guaranteed, will benefit from water and electricity infrastructure, competitive labor costs, stable and long-term property rights and, within the framework of Government policies, will be able to take advantage of other incentives and institutional support to private investment.
At the occasion, the chairperson of the Angola/China Chamber of Commerce and Industry considered the project to be extremely important for the country, because it fits within the context of the economic, political and social reforms that the country has embarked on for its diversification and industrialization.
He stated that the project is the affirmation of the route for the country's development, so the message from the Angola/China Chamber of Commerce is exactly to mobilize so that all companies can align their strategies with the national development plan of the Angolan Executive, released for the period 2023 to 2027. SEC/SC/DOJ
