21 May 2012

Angola: Sonangol Reaffirms Commitment to Country's Re-Industrialisation

Luanda — The Angolan Oil Company (Sonangol) Monday in Luanda reaffirmed its commitment to the process of re-industrialisation of the country as outlined by the Government, with a view to reducing imports, creating jobs and contributing to a local strong and competitive entrepreneurship.

This was said by the Oil executive director, Ana Bela Fonseca, at the inauguration of five plants and a wastewater treatement unit in the Luanda/Bengo Special Economic Zone (Luanda-Bengo ZEE), marking an important step toward the accomplishment of the oil company's commitments.

The official said that the commitment assumed by Sonangol aims at the completion and start of various industrial units designed for the Luanda/Bengo Special Economic Zone.

Ana Bela Fonseca stressed that the ZEE project is a milestone in the process of reconstruction and development of Angola, mentioning the re-industrialisation of the country, reduction of imports and creation of jobs.

In addition to the plants inaugurated on Monday, the Executive Committee on Sonangol Industrial Investments is working toward an additional 12 new plants in the second half of this year (2012).

With the inauguration of the new industrial units, the number of plants stands at 14 operating at Luanda-Bengo ZEE.

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