China-Africa: Chinese Group widens investment in Angola

Chinese group CITIC International Contracting wants to widen its investments in Angola in the areas of petroleum, mining and agriculture - the group’s vice president Wang Jiang Sheng said in Luanda on Wednesday.
Wang  said that the group had been involved since last August, in a construction project to build 20,000 apartments in the town of Kilamba Kiaxi in the Angolan capital of Luanda, after meeting with the acting speaker of Angolan National Assembly, João Lourenço.
The project is said to be worth 3.5 billion US dollars.
Wang Jiangsheng added that CITIC International Contracting group was one of the biggest in China and it would also be involved in the construction of infrastructures such as roads in Angola.

(macaudailytimesnews.com)

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