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Angola Real Estate Sector to ‘Diversify Economy’

Angola Real Estate Sector to ‘Diversify Economy’

 

According to CCTV, a $6.3 billion sea front real estate project in Angola — a strategy to diversify the country’s economy — has polished modernism, urbanism and quality of life. Foreign investors have expressed interest in the real estate sector — especially the Chinese, who already have a heavy presence across the continent. At Angola’s first real estate business conference, officials discussed plans to capitalize on the sector and translate the $400 billion in investments to quality infrastructure projects.

“Overall [the] Chinese are quite impressed with Luanda in general and that’s why we see a lot of Chinese really trying to come over to Luanda to invest,” Charlene Hua, Baia De Luanda Representative for Asian Markets said, noting that the program should be positively promoted to investors.