UAE, Turkey to invest in Angola’s agricultural sector

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Angola’s agricultural sector

The United Arab Emirates (UAE) and Turkey have expressed their interest in investing in agriculture sector in Angola.

The intentions, expressed during the working visit of an Angolan delegation to Turkey and the United Arab Emirates, follow on from the visits made by the President of the Republic, João Lourenço, last July, to the respective countries.

Investment in wood processing, honey, fish processing, development of mariculture and inland aquaculture are also part of the intentions of companies in both countries. The visit aimed to present the potential and investment opportunities existing in Angola, as well as to identify and invite potential businesspeople interested in investing in the Affican country.

Cooperation

In addition, according to the Ministry of Agriculture and Fisheries, the stay of the Angolan delegation in those countries allowed visits to productive enterprises, as well as meetings and contacts with representatives of public and private institutions, business and professional associations, with a view to reinforcement of cooperation between Angola and the two States.

The secretary of State for Farming, João Manuel Bartolomeu da Cunha, who headed the Angolan delegation, assured that the Angolan Government will make efforts to materialize the intentions presented by the public and private companies of the respective countries.

Angola and Turkey already have cooperation agreements in the areas of trade, agriculture, education, culture, defence, justice and sport. Turkey has investments in the provinces of Luanda and Uíge, in the areas of industry, commerce, education and civil engineering.

On the other hand, Angola and the UAE cooperate in the sectors of oil and gas, mining, trade and investment,energy, defense, transport, agriculture, fishing, banking, telecommunications and finance and tax sect.