Luanda:The Agency for Private Investment and Export Promotion (AIPEX) has entered into a significant agreement with China's Fujian Huisheng Investment to establish an electrolytic aluminum facility in Angola. This development marks a notable step in the advancement of Angola's industrial sector.
According to Angola Press News Agency, the memorandum of investment intent between AIPEX and Fujian Huisheng Investment outlines plans for a 160 million US dollar project aimed at producing 65,000 tons of green electrolytic aluminum ingots annually. The agreement was solidified during a visit by AIPEX Board Chairman Arlindo das Chagas Rangel to China's Guangxi region, where the parties assessed operational conditions and potential business opportunities.
The initiative is expected to significantly contribute to Angola's metallurgical industry by generating local employment, facilitating technology transfer, boosting domestic manufacturing capabilities, and reducing the country's dependence on imported goods. This strategic partnership aligns with AIPEX's broader objectives to attract private foreign investments and promote industrialization within Angola.
