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ANGOLA OPEN TO TURKISH INVESTMENT

Luanda – Angolan head of State João Lourenço stressed the country’s intention to attract Turkish investments that might generate financial capital, high tech and know-how.

Delivering his speech at Angola-Turkey Economic Forum, João Lourenço said that he expects that the Turkish investment allows to diversify and rapidly and effectively increase the local productions of goods and services.

He said that the Angolan Executive has identified the priority sectors for the investment adding that the country is open to the participation of Turkish companies in the development of public infrastructure.

The statesman highlighted the construction of roads, bridges, railways, power stations and electrical transportation chain as priorities for the investment, through private partnership.

The president recalled of the Turkey’s investments of large-scale in the mining exploration of iron and production of steel, stating that the country has other minerals to explore, such as gold, copper and rare metals.

“There is a package of companies and public assets under privatisation process, as a whole or in part, covering assets from the sectors of oil, banking and insurance, large agricultural farms and industry. So we invite the Turkish investors and companies to participate in the ongoing international tenders”, said the president.

According to him, new investments enable the increase of employment levels in Angola, improves the revenues of the citizens and the export will be more diversified.

João Lourenço said that Angola and Turkey are now closer, through direct air connection between Luanda and Istanbul which was recently inaugurated. We expect that this might certainly allow the increase of trade exchange between the countries and raise business and tourism trips among citizens and companies.

Source: Angola Press News Agency