28 August, 2014      08:02 GMT +1 Luanda 21°C

Huíla industrial park in Angola receives US$1 billion in investment

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Lubango, Angola, 24 Aug – Angolan and foreign business owners have so far invested an estimated US$1 billion in the Huíla Industrial Park over the last eight years, according to Angolan state newspaper Jornal de Angola.

The newspaper added that the investment had been used to build new units, expand production capacity of oil industries, providing modern equipment and training staff, which led to the industrial park in the city of Lubango outgrowing its initial area.

In that period of time, the paper reported, the investment made in the Huíla Industrial Park has offered the province a certain autonomy in supplying the population with consumer goods.

The new and expanded industrial units include Emanha, Granisul, beer maker Ngola, Laranjinha Agro-industrial, Nova Cerâmica, Lacticínios, Água da Chela, Emadel, Frigohuila, Moatril, Nova Cimor and producers of construction materials and furniture.

The jobs created by the industrial development of the Chela mountain range, since the end of the civil war in 2002, total around 6,000 direct jobs and more than 30,000 indirect jobs.

The success of the manufacturing and agricultural sectors were on exhibition at Expo-Huíla/2010, which was also attended by exhibitors from Italy, Portugal, Namibia, Zimbabwe, South Africa and China, amongst others.

For the first time since it was created, Expo-Huíla was held with all its available spaces occupied by 150 national and foreign manufacturing companies. (angolahub)
 
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