Africa-Press – Angola. Pedro Camilo Sapula, the deputy governor of the political, social, and economic sectors of Moxico Leste, participated in the Investment Forum in Riyadh, the capital of Saudi Arabia. His goal was to secure partnerships and financing for the socio-economic development of the young province.
As part of the Angola-Saudi Arabia Chamber of Commerce and Industry delegation, he held meetings with various Saudi entities, including leading companies in agriculture, livestock, and mining, over five days.
The delegation also met with the Saudi Industrial Development Fund and the Saudi EXIM Bank to discuss potential financing options for infrastructure projects in Moxico Leste.
Sapula considered the forum to be an extremely positive experience, emphasizing that it served to highlight the province’s economic potential, attract investors, and establish strategic partnerships capable of boosting job creation, especially for young people, as well as improving the living conditions of local populations.
“It was a unique opportunity to showcase Moxico Leste’s offerings and garner concrete support to accelerate its development,” said Sapula.
“It was a unique opportunity to showcase what Moxico Leste has to offer and garner concrete support to accelerate its development,” said the deputy governor.
Saudi Arabia, the largest economy in the Middle East, is diversifying its economy by investing in infrastructure, technology, services, and agriculture. This strategy aims to reduce dependence on hydrocarbons.
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