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USD400mn spent on construction works of new Satec textile factory

Related Keywords: built under a Japanese private investment, equipped with latest technology, factory is fully completed, New SATEC textile factory, part of public private partnership, purchase of equipment for the project, reactivation of the Dondo industrial park, spent on contruction work, top four industrial hubs of the country, USD four hundred million

The new SATEC textile factory under construction in Dondo, Cambambe municipality, northern Cuanza Norte province, as part of a public-private partnership around USD400 million have been spent on the construction works.

The chairman of the board of directors of the Angolan business group "Mainhia Yeto", in charge of the work, Matos Cardoso released the information on Friday that the aforementioned amount was used in the construction of infrastructure and purchase of equipment for the project, expected to start next July.

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