How many opportunities do you see How many opportunities do you ...
www.investinangola.eu
Attracting Quality Investors, Trade & Commerce Partnerships to Angola: Information Seminars in the Nordic Region (Copenhagen | Helsinki | Oslo | Stockholm) Paulo Veiga, eng. | e: [email protected] m: (+45) 53 58 51 10
Introduction to Angola Eng. Paulo Veiga, (MD) ( Trade & Commerce
Angola is potentially one the riches countries in Africa, gifted with vast amounts of arable land, sea, hydroelectric power, minerals and oil Fast Facts • Capital: Luanda • Land area: 1,246,700 sq km (approx. 4x Germany)
• Coastline: 1600km • Population: 18.497.632 (median age 18, 2% growth p.a.) • Key import partners: Portugal (19%), China (17%), US (9%), Brazil (8%) • Key exports: Oil, Diamonds, Timber, Fish Angola is at a turning point with tremendous opportunities to reap the benefits of natures’ endowments After a 27 year conflict, trade relationships with the global economy are still chronically under-explored; the country is eager to get back on track Source: CIA World Fact Book, https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html
April 2002
April 2002
Luanda Present Luanda - Present
A lasting peace has ushered in a new era, and is now one of the fastest growing economies in the world, averaging* almost 1515-18% p.a. from 20052005-8 GDP / Capita (PP) 2004 -09
Exports to China 2004 -09 (million US$)
Since 2006, Angola has replaced Saudi Arabia as the #1 exporter of crude oil to China, and has replaced Nigeria as Africa’s largest oil producer The country still imports the majority of its produce, despite a much longer history of self sufficiency and even overproduction *Source: ANIP; Adjusted for Oil and Diamond production, real annual growth rates have still averaged approx. 12 - 14%
Despite its riches, chronic undersupply in the economy makes Luanda the world’s most expensive capital city* How many opportunities do you see? see? Inward Foreign Direct Investment 2004 -09 (million US$) *Cost of Living 2010 Top 5 cities – Global • Luanda, Angola (1st) • Tokyo, Japan (2nd) • N'Djamena, Chad (3rd)
• Moscow, Russia (4th) • Geneva, Switzerland (5th)
• Despite posting large increases in GDP spurred by booming oil exports, under provision of goods have made Luanda the world’s most expensive city • High prices present tremendous opportunities for investors willing to supply to the Angolan market – High quality products command a huge premium compared to the rest of the world *Source: Mercer, http://www.mercer.com/costoflivingpr
Key strategic sectors* have been identified for the diversification and sustainable development of Angola’s economy Energy (Oil, Gas & Renewable Energy)
Transportation
Mining Fishing, Agriculture and Livestock
Tourism
Long Term Sustainable Development
Construction and Infrastructure
Manufacturing
Telecommunications
Health and Education
Financial Services
• Lucrative large scale tenders for strategic infrastructure projects which have not been well publicized • Geographical diversification of investors is now a key priority for rebalancing the economy • Generous Incentive structures have already been developed for strategic investors – Nordic companies are well positioned to take advantage of this * Source: ANIP, Angola Private Investment Agency
Deepening Trade Ties Dedicated NordicNordic-based entity to facilitate needs Advisory Boards Senior Industry Leaders
Facilitate Commerce One Point of Contact
Information & Events Trade Promotion
Specific Needs Consulting
• Investors expect effective and efficient service delivery of trade-related private and public services • Advisory boards of senior industry leaders will help build responsiveness of public policy to investors’ needs
To Invest in Angola is to Invest in the Future
Attracting Quality Investors, Trade & Commerce Partnerships to Angola: Information Seminars in the Nordic Region (Copenhagen | Helsinki | Oslo | Stockholm) Paulo Veiga, eng. | e: [email protected] m: (+45) 53 58 51 10
Introduction to Angola Eng. Paulo Veiga, (MD) ( Trade & Commerce
Angola is potentially one the riches countries in Africa, gifted with vast amounts of arable land, sea, hydroelectric power, minerals and oil Fast Facts • Capital: Luanda • Land area: 1,246,700 sq km (approx. 4x Germany)
• Coastline: 1600km • Population: 18.497.632 (median age 18, 2% growth p.a.) • Key import partners: Portugal (19%), China (17%), US (9%), Brazil (8%) • Key exports: Oil, Diamonds, Timber, Fish Angola is at a turning point with tremendous opportunities to reap the benefits of natures’ endowments After a 27 year conflict, trade relationships with the global economy are still chronically under-explored; the country is eager to get back on track Source: CIA World Fact Book, https://www.cia.gov/library/publications/the-world-factbook/geos/ao.html
April 2002
April 2002
Luanda Present Luanda - Present
A lasting peace has ushered in a new era, and is now one of the fastest growing economies in the world, averaging* almost 1515-18% p.a. from 20052005-8 GDP / Capita (PP) 2004 -09
Exports to China 2004 -09 (million US$)
Since 2006, Angola has replaced Saudi Arabia as the #1 exporter of crude oil to China, and has replaced Nigeria as Africa’s largest oil producer The country still imports the majority of its produce, despite a much longer history of self sufficiency and even overproduction *Source: ANIP; Adjusted for Oil and Diamond production, real annual growth rates have still averaged approx. 12 - 14%
Despite its riches, chronic undersupply in the economy makes Luanda the world’s most expensive capital city* How many opportunities do you see? see? Inward Foreign Direct Investment 2004 -09 (million US$) *Cost of Living 2010 Top 5 cities – Global • Luanda, Angola (1st) • Tokyo, Japan (2nd) • N'Djamena, Chad (3rd)
• Moscow, Russia (4th) • Geneva, Switzerland (5th)
• Despite posting large increases in GDP spurred by booming oil exports, under provision of goods have made Luanda the world’s most expensive city • High prices present tremendous opportunities for investors willing to supply to the Angolan market – High quality products command a huge premium compared to the rest of the world *Source: Mercer, http://www.mercer.com/costoflivingpr
Key strategic sectors* have been identified for the diversification and sustainable development of Angola’s economy Energy (Oil, Gas & Renewable Energy)
Transportation
Mining Fishing, Agriculture and Livestock
Tourism
Long Term Sustainable Development
Construction and Infrastructure
Manufacturing
Telecommunications
Health and Education
Financial Services
• Lucrative large scale tenders for strategic infrastructure projects which have not been well publicized • Geographical diversification of investors is now a key priority for rebalancing the economy • Generous Incentive structures have already been developed for strategic investors – Nordic companies are well positioned to take advantage of this * Source: ANIP, Angola Private Investment Agency
Deepening Trade Ties Dedicated NordicNordic-based entity to facilitate needs Advisory Boards Senior Industry Leaders
Facilitate Commerce One Point of Contact
Information & Events Trade Promotion
Specific Needs Consulting
• Investors expect effective and efficient service delivery of trade-related private and public services • Advisory boards of senior industry leaders will help build responsiveness of public policy to investors’ needs
To Invest in Angola is to Invest in the Future
