Saudi businessmen want to invest in agriculture in Angola

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Saudi businessmen want to invest in agriculture in Angola
Saudi businessmen want to invest in agriculture in Angola

Africa-Press – Angola. Two Saudi businessmen expressed, this Saturday, in Doha, Qatar, their interest in investing in agriculture in Angola and exporting fruits and vegetables from this country.

To this end, they began contacts, Saturday, with the Angolan delegation at Expo 2023, which has been taking place in the Qatari capital since October last year.

Saad Hamed, who spoke on behalf of both businessmen, during a visit to the Angolan pavilion, said that they will intensify contacts with the Angolan side.

During the visit to the Angola pavilion, the businesspeople were impressed by the agricultural products on display, especially coffee, mucua, sapi-sapi, among others.

Every day, more than 200 to 400 people visit the Angola pavilion and, between 60 and 70 percent of visitors, express an interest in visiting or investing in the country, according to the senior investment promotion and attraction technician at the Private Investment and Promotion Agency of Exportations (AIPEX), Herbert Ferreira.

He stated that, despite this Expo being horticultural, the country has also promoted tourism, highlighting the provinces of Namibe, Benguela and Luanda and the Okavango project, with “a lot of interest” from investors in visiting these locations, with emphasis on businessmen from the Saudi Arabia, the United Arab Emirates, Brazil and European countries.

Herbert Ferreira indicated that the interest focuses mainly on the agricultural and mining sectors, stressing that the new private investment law, which ended the obligation for partnerships and the lack of a minimum amount to invest, has encouraged

foreign investors.

He also highlighted the exemption of visas and entry into Angola for citizens of several countries, the construction of logistical and hotel and tourism infrastructures, as well as the Luanda International Airport “Dr. António Agostinho Neto” as other determining factors for investment.

Angola has participated in the Expo, since November 14, 2023, under the theme “Planting for Life”, and is displaying its potential, from the desert to the oasis.

Its pavilion, located right at the entrance to the Expo space, measures 200 square meters.

Expo 2023 Doha, which takes place under the theme “Green Desert, Better Life”, started on October 2, 2023 and ends on March 28 of this year.

With a territorial surface of 11 thousand and 581 square kilometers, Qatar, located in the Persian Gulf, has an estimated population of two million and 688 thousand inhabitants (2021 data), with the capital city, Doha, holding the majority of that number. , two million and 382 people.

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