Angola: Economic Zone may Attract Israeli Businesses

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This was said Wednesday in Luanda by the director general of the Taps Industry (Angtor), Edson Lobito, while interacting with press and media during a scheduled visit to Special Economic Zone (ZEE) by Israeli businessmen, as part of the 1st Angola – Israel Business Forum, which took place under the motto “Together for Development”.

He emphasised that the cooperation, in multiple priority sectors, between businessmen of both countries should be studied.

Edson Lobito explained that his company is now able to produce 96.000 taps annually and can triple it with the help of Israeli technology, resulting in more jobs created and better production.

On his turn, the Israel-Angola Chamber of Commerce’s director general, Morris Revah, said Israeli businessmen were impressed by the size and quality of the Special Economic Zone. Israeli industrialists were impressed with quality and size of Special Economic Zone.

According to him, there are well prepared and planning by the responsible departments of the unit, including overall needs and phases of industries, complex to basic infrastructures and everything else that entrepreneurs need to operate their companies well.

He added that all are in place, hoping only that the country’s and international financial situations would be stabilised for the full-fledged functioning of development and investment hubs.

He also stressed that keeping Israel’s industrial capacity in mind; the information technology, agriculture and related industries, electricity distribution could be areas of cooperation for establishing a profitable partnership between the industrialist of both countries.


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