Luanda: The multinational logistics company Abu Dhabi Ports (AD Ports) has invested 1.5 billion US dollars in maritime trade and logistics infrastructure in Africa to date, according to the institution's manager in Angola, Joaquin Piedade. Speaking on a panel about the "Importance of Ports in Creating Value Chains," part of the first edition of the African Sustainable Investment Summit (ASIS) taking place in Luanda, the manager said the investment was primarily made in the Democratic Republic of Congo (DRC), Egypt, and Angola, with funding planned for other countries next year.
According to Angola Press News Agency, the investment is aimed at developing responses so that the continent's potential can be transformed into power, through strengthening connectivity. Joaquin Piedade highlighted that with this financing, entrepreneurs and farmers will have an alternative to sell their products in a more competitive way.
The African Sustainable Investment Summit kicked off this Wednesday in Luanda and is happening simultaneously with the 10th Annual Meeting of African Special Economic Zones. Lasting three days, the events promoted by the Organization of African Economic Zones (AEZO), in partnership with the Luanda-Bengo Special Economic Zone, bring together 300 delegates and 58 Special Economic Zones, representing 37 countries.
The event will focus on themes such as 'Challenges of Industrialization and Attracting Investment to the Continent', 'Importance of Ports in Creating Regional Value Chains', 'New Trends and Recent Developments in the Ecosystem of Special Economic Zones on the Continent', 'Corridors for Capital Flows - Investing in Infrastructure and Energy Transition in Africa', among others.
