Luanda — Private contracts and investments in Angola in the first semesters of this year reached Usd 1.1 billion, Angop learned recently in Luanda.

The information was released by the CEO of the National Agency of Private Investments (ANIP), Maria Luísa Abrantes.

Speaking at the end of a session of signing of private investment contracts, Maria Luísa Abrantes said during the first half of this year, ANIP received investments from China, Spain, Germany and Portugal.

According to the official, most of the investments went to the industrial sector, civil construction and production of construction materials.

The source also stated that the Chinese investments have had a considerable weight as compared with those from other countries.

She said the country prioritises such sectors as the industry as it brings in an added value and minimum investment amount is one million US Dollars.

Maria Luísa Abrantes added she believes there are foreign companies operating in Angola without the ANIP approval.

Meanwhile, ANIP recently signed five contracts estimated at Usd 313 million, involving the companies Movicel Telecomunicações, Roman Consultoria, FloatNumbers Angola, Trivision Investment and Politérmica, all based in Luanda.