SA delegation to Angola finds big opportunities for construction.

Posted On Friday, 15 August 2003 02:00 Published by eProp Commercial Property News
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A Cape Town trade mission to Angola has found that there are massive opportunities for local companies in the construction and manufacturing business.

 

Construction IndustryAngola's economy has been destroyed by civil war for over than two decades and now is in a re-building phase.

 

Chris Nissen, president of the Cape Town Regional Chamber of Commerce and Industry, led the delegation of businessmen.

 

"The mission found that the urgent need was for houses, clinics and schools ... and this has opened up opportunities for local builders as well as suppliers of products like paint and building materials." 

 

Angola, which uses the US dollar in most of its business transactions, was concentrating on rebuilding the country's infrastructure, Nissen said.

 

"The delegates are planning more trips to forge partnerships and joint ventures with Angolan firms," he said.

 

Interest in Angola was confirmed by a chamber waiting list of some 20 delegates interested in follow-up trade missions. - 

 

Last modified on Friday, 04 October 2013 22:21

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