The UAE is set to make investment worth $2billion in Africa after a meeting between the head of Ameri Group and the president of Angola.
Macauhub news agency reports that HH Sheik Ahmed Dalmoor Al Maktoum and João Loure have agreed terms on a venture that will focus on the energy sector, alongside agriculture and industry.
A desalination project situated on the Angolan coast has been outlined with a view to improving potable water supply, while investment in the gas production sector is also on the cards to reduce the electricity and facilitate expedited industrialisation.
The agreement makes note of plans for a power station in the Moxico province, as well as an electrical network to connect Angola’s eastern region.
The announcement follows the penning of a memorandum of understanding by HH Al Maktoum and Angolan minister of Energy and Waters, João Baptista Borges, during the Abu Dhabi Sustainability Week in January.