Luanda - United Arab Emirates (UAE) businesspeople expressed interest on Monday in investing in Angola, particularly in the agri-food, tourism and hotels industry.
The intention was expressed at the meeting the Angolan extraordinary and plenipotentiary ambassador to the Middle East, Albino Malungo, held with the businesspeople on the sidelines of the opening ceremony of the International Hunting and Horse Riding Exhibition in Abu Dhabi.
A press release reached ANGOP Tuesday, states that the Angolan ambassador praised the meeting adding that it allowed to share experience and hold contacts with businesspeople.
Until May 2022, the United Arab Emirates led the top 10 Foreign Direct Investment (FDI) in Angola, with US$351.7 million.
Out of 48 countries, with 234 projects worth US$2.7 billion, the United Kingdom comes second, with US$283.1 million (eight projects underway between 2018 and March 2022).
China comes third with an investment standing at USD 225 million (24 projects underway).
Among other sectors, the UAE invests in Angola in the areas of agriculture, specifically in assembling tractors and tools, as well as assembling telephones.
