Chinese investors eye hotel development opportunities in Angola

Angola

Chinese investors have been pouring money into Western hospitality businesses for a while now, but a new destination is poised to attract new attention. Arnaldo Calado, chairman of the Angola/China Chamber of Commerce, said that a group of Chinese business professionals has “shown interest in investing” in Angola’s tourism sector—the country’s fastest-growing industry, he said. 

The official, who was speaking at the first general electoral meeting of the governing bodies of the Angola Association of Hotels and Resorts, said that a project backed by Chinese money had already been submitted to the Ministry of Hotels and Tourism.

“Chinese entrepreneurs want to invest in national tourism in a number of ways, especially in the construction of hotels, so it is important to have more Angolans interested in establishing partnerships with these investors in order to develop our economy,” he said.

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