Mainland China and Hong Kong among the largest investors, with more than 40 projects already registered in Angola.
Angola
Bilateral trade already valued at more than US$23 billion; Chinese firms mull rail, port, metro and other infrastructure projects in African republic.
Construction expected to start in Porto Amboim within the next 12 months, creating 8,000 local jobs in future.
Minister hopes to refinance via the World Bank, the African Development Bank, the French Development Agency or other sources.
Following the completion of a 76-kilometre highway between Quitexe and Ambuila focus shifts to work on housing, bridges and water plants among others.
Priorities include boosting fixed and mobile internet services, modernising 2G/3G network, investing in 4G and offering broadband throughout the territory.
Oil ranks high among Angola’s exports, earning US$14.8 billion out of a total US$23 billion in trade with China last year.
Chinese consortium to pay US$100 million for concession, guarantee 2.78 million tons of cargo annually.
Five forestry concessions due to be granted shortly; large scale reforestation programme to start with two million seedlings.