Angola and the United Arab Emirates signed a total of 44 legal instruments in various strategic areas this Monday (25th) in the Angolan capital, Luanda. These agreements, which include sectors such as renewable energy, will represent an injection of $6.5 billion into the African country’s economy, Lusa reported.
During the signing ceremony, Angolan President João Lourenço stressed that relations between the two countries now have a “more formal and institutional” framework, consolidated by the 44 instruments signed as part of the official visit of Sheikh Mohamed Bin Zayed Nahyan, President of the United Arab Emirates.
The Angolan head of state also highlighted the long-standing “friendship and cooperation” with the Arab nation, built on contacts “at the most diverse levels” and already yielding visible results. He further noted that this visit carries “irrefutable historical importance,” as it strengthens “more intensely and visibly” the ties of friendship, cooperation, and solidarity between the two countries.
João Lourenço also praised the “significant presence” of Emirati companies in Angola, commending their “recognized expertise” and contribution to the process of diversifying and developing the national economy.
According to the Angolan President, the agreements signed will create a broader framework of institutional, commercial, political, and cultural cooperation. This new context will allow the development of synergies in areas such as renewable energy, port and airport logistics, the mining sector, agriculture, and agribusiness, totaling $6.5 billion in investment.
“This outlook is not limited to Angola, as your country has emerged as one of the most important foreign investors in Africa, holding a prominent position as a development partner, with a financial engagement volume exceeding $100 billion from 2019 to the present,” João Lourenço stated.
The President also reiterated his intention to deepen cooperation with the United Arab Emirates in order to attract more business investments to Angola, emphasizing that this partnership aims to ensure “mutual benefit” between the two nations.
“At the center of our concerns is the resolution of problems arising from poverty, which still affects considerable segments of Angolan society,” the Angolan President added, stressing that the country seeks “urgent and lasting solutions” through international partnerships that bring experience, knowledge, and resources capable of generating better results.
Source: Diário Económico
