Angolan President Asserts Importance of Construction Sector Development

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Angola’s President, H.E. João Lourenço, has affirmed the country’s commitment towards the development of its construction and regional planning sectors to promote socioeconomic development.

H.E. President Lourenço’s statements were made during the appointment of a new Secretary of State for Urbanism and Housing, Manuel André da Costa Canguezeze, last week, with the Head of State stressing the importance of infrastructure with regards to diversifying the economy and attracting international investors.

“We hope that this appointment and swearing in can help the holder of the portfolio to succeed in the mission he has been carrying out for some time,” H.E. President Lourenço stated during the inauguration.

The newly appointed Secretary of State for Urbanism and Housing will be responsible for proposing the formulation of policies while overseeing community development, maintenance of public housing and implementation of development projects.

With a market size of $19.2 billion as of 2022, Angola’s construction sector is projected to grow by up to 6% between 2024 and 2027, which will be supported through investment as part of the country’s Industrial Development Plan 2021-2025. Under the development plan, Angola’s Government will aim to attract private investment, increase national production, reduce imports, and create employment in the industrial sector.

Key areas in Angola’s construction sector include commercial construction, industry, infrastructure, energy and utilities, institutional construction, and residential and urban development.

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Matthew Goosen

Matthew Goosen

Matthew Goosen is a Video Editor and Content Writer at Energy Capital & Power. He holds an Honours Degree in Film and Media Studies at the University of Cape Town and is currently undergoing his Masters Degree. Born in Pretoria and raised internationally, he has been living in Cape Town since 2013.

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