Saudi government grants US$110 million to Angola

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Saudi government grants US$110 million to Angola
Saudi government grants US$110 million to Angola

Africa-Press – Angola. The Government of the Kingdom of Saudi Arabia has approved the granting of a loan worth US$110 million, for the implementation of an industrial project in the municipality of Catumbela, Angolan province of Benguela.

The information was provided this Wednesday, in Luanda, by the Counselor of the Royal Court of that country, Ahmed Bin Abbulazizi Kattan, at the end of an audience granted to him by the President of the Republic, João Lourenço.

Ahmed Bin Abbulazizi Kattan, who did not specify the industrial project, said that the meeting with the Angolan Head of State served, among other things, for the exchange of information of interest to both countries.

Speaking to the press, the Counselor of the Royal Court said that, in concrete terms, he had informed the Angolan leader of the instructions given by the King of Saudi Arabia to the Ministry of Foreign Affairs of this country for the opening of the embassy in Angola, as soon as possible.

President João Lourenço, he continued, was also informed about the preparations for the Saudi Arabia-Africa Summit, to take place in November in that Middle East country.

In recent years, the political and diplomatic authorities of Angola and the Kingdom of Saudi Arabia have worked to strengthen bilateral cooperation and identify new areas to deepen the partnership.

In September 2018, the General Cooperation Agreement in the Technical and Scientific domain was signed, which created the bases to leverage the sectors of staff training and science development.

Angola and Saudi Arabia also maintain cooperation within the scope of the Organization of Petroleum Exporting Countries (OPEC).

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