Luanda – Five hundred 500 million US Dolars is the global value that the Dubai business group “Investments Park-Angola” (DIP-Angola) will invest, over the next 12 years, in infrastructure to implement Angola's first Integrated Economic Zone, in Barra do Dande, Bengo province.
The information was given on Tuesday in Luanda by the director-general of the DIP, Omar Al Mesmar, who was speaking at the presentation ceremony of the integrated eco-project, whose foundation stone of which was laid last Monday.
On the occasion, the investor explained that this project includes three areas: residential, industrial and commercial areas, which will be implemented in an area of two thousand hectares, about 50 kilometers from the city of Luanda.
According to the businessman, in the initial phase, the mixed-use project will be implemented in 400 hectares, in an investment of 150 million dollars, which will create 1,500 jobs.
According to the director-general, this is a strategic project, with the aim of supporting Angola's economic development.
He said that the focus of the project is on modernity, environmental sustainability and the implementation of versatile infrastructures, with a view to ensuring that DIP-Angola is a catalyst for economic growth and innovation in the country in the long term, making Angola a strategic distribution hub in Africa.
Omar Al Mesmar also added that the Angolan Integrated Economic Zone project offers a some tax incentives and preferential conditions for renting and access to modern infrastructure.
For his part, the Chairman of the Board of Directors of the Barra do Dande Development Society (SDBD), Joaquim Piedade, pointed out the improvement of technical infrastructures as the main challenges for the development of the investment perimeter in Barra do Dande.
In this sense, he stressed that a new electrical substation is being built with a capacity to produce 1.5 gigawatts of energy, to meet the needs of the Barra do Dande Ocean Terminal, the Aluminum Park, the Free Trade Zone and DIP-Angola Park.
The vice-governor for Technical Services and Infrastructures of Bengo province, Edson Cruz, considered that this project is expected to reduce unemployment levels and increase tax revenues in the region.
Angola's Integrated Economic Zone is an innovative eco-industrial project designed to transform the northwest coast of Angola, along the Atlantic Ocean, in a premier mixed-use development in Africa.
The project aims to revolutionize mixed-use development by integrating industries, commerce, housing and tourism, to boost Angola's economic growth.
Founded in 1995, Dubai Investments is a multi-asset, publicly traded investment firm headquartered in the United Arab Emirates (UAE). OPF/QCB/DOJ
