A Chinese-invested industrial park in Angola, with an initial investment of USD 250 million, is expected to create a comprehensive aluminum industry chain, boosting the national industry and aiding economic diversification.
Huatong Aluminum Industrial Park project, promoted by a consortium of Hebei Huatong Wire and Cables Group and Huatong Angola Industry, will be executed in five phases, with a total investment of USD 1.6 billion, said Secretary of State for Industry Carlos Rodrigues, at the groundbreaking ceremony in Barra do Dande in the country’s northeastern province of Bengo.
“This significant investment undoubtedly marks another milestone in the economic cooperation agenda between Angola and China,” he said, adding that the project is expected to generate 12,000 jobs.
Chinese-Supported Hydropower Expansion Project to Create 3,000 Jobs in Angola
During the ceremony, Chinese Ambassador to Angola Zhang Bin said such investments will advance Angola’s economic diversification and industrialization, create more jobs and tax revenue, and help train local technical talent.
The industrial park will be completed in five phases over eight to 10 years. The first phase, with an investment of USD 250 million and an annual production capacity of 120,000 tons of electrolytic aluminum, is expected to be operational by the second half of 2025.
The project will cover alumina preparation, aluminum electrolysis and aluminum product manufacturing,
Other articles
