Foreign investment

In recent years, more than 100 foreign investment projects worth more than US$737 million have been approved.

By the end of 1995, the Foreign Investment Office had received 633 Foreign Investment Office. These proposals, which covered all areas of production, trade, and services, were valued at US$ 3,641 million. However, due to the requirements of the law, project selection, and the troubled climate that the country experienced after 1992, only 171 were considered, of which approximately a hundred have already been approved, worth more than US$737 million. They are mostly from Europe, with Portugal at the top, followed by the United Kingdom, France, Spain, Italy, and Ireland.

By sectors, they are concentrated in the industry (26%), construction (23%), fishing (13%), services (15%) and commerce (7%). The strong presence of the civil construction sector, combined with that of commerce and services, determines the Portuguese primacy in the approved proposals.

The last two years were of great activity. In this space of time, 33 projects were approved, in 1994, worth US$74 million, while last year there were 45 proposals valued at US$100 million. Interestingly, 1992, with only 13 projects, was the year that promised the most capital. No less than 416 million dollars. This high figure because that this year several projects for mining exploration were approved, including diamonds in the Catoca region (Lunda-Sul).