Angola’s sovereign wealth fund has announced plans to invest in the development of the country’s first deep sea port.
The Fundo Soberano de Angola (FSDEA) is set to invest approximately US$180m in the construction of the new port as part of a US$1.1bn infrastructure fund.
The new port facilities, which are expected to be built in two phases, will also include a free trade zone, ship repair, storage and unloading.
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