Angola: Saudi private fund to inject $300 million into the Angolan market

The private Saudi fund (Exim Finance), a business group with representation in Dubai, is set to inject $300 million into the Angolan market to finance projects in the Agroalimentary, Construction, Health, and Energy sectors.

In addition, the ‘giant’ of the private sector in Saudi Arabia is also expected to offer partnership opportunities with companies in the banking and investment sectors, according to Salah Ibrahim Al Nasser, President of the Executive Board of Exim Finance.

“This amount can be increased if we have solid and firm projects that exceed this amount,” Salah Ibrahim Al Nasser emphasized today, Friday, March 1, during the Exim Finance Business Forum, held by the Chamber of Commerce and Industry Angola-Saudi Arabia (CCIAAS), presided over by Mohammed Siyame.

According to Salah Ibrahim Al Nasser, President of the Executive Board of Exim Finance, the company operates in more than 40 countries and is developing a total of 112 projects valued at $5.8 billion. In Africa, for example, Salah Ibrahim Al Nasser reveals that the private Saudi fund has a project portfolio exceeding $2 billion.