FSDEA Invests Big in Port Infrastructure Development

The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, plans to invest $180 million in a new port in Cabinda, Angola.

This investment will create the first deep sea water port in Angola and it will be built in two phases, FSDEA said in its announcement.

Phase one will result in a 630 meter long terminal, connected to the shore via two kilometer long connection bridge.

The access channel will be 15 meter deep and the terminal will benefit from a water depth of 14 meters.

“Investments in the industrial sector and infrastructure support trade in the sub-Saharan region have shown high rates of profitability and resistance to the risks associated with the countries on our continent,” said José Filomeno dos Santos, Chairman of the Board of Directors, FSDEA.

“Allocating capital to maritime infrastructure and logistical and industrial support in Angola allows diversifying other investments in the international financial markets present in FSDEA’s portfolio. Through this project, in particular, we aim to create more than 20.000 jobs and add value to our national growth.”

Share this article

Follow Dredging Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

PORTS Conference

The PORTS Conference series is internationally recognized as an outstanding opportunity to network with…

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

10TH Annual Conference Dredging in India

The conference will focus on strategies and solutions to meet the future dredging requirements…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply