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Haishan Group, a private construction firm headquartered in Beijing, has unveiled its participation in the development of a 300-hectare real estate and fishery industrial park in Angola. The project encompasses aquaculture, seafood processing, and feed production facilities, alongside a 164-hectare automated technology hub and a 120-hectare commercial real estate endeavor.
Operating in Angola since 2005 through its local subsidiary H&S Imobiliária, Haishan Group has primarily focused on upscale real estate and infrastructure ventures. Expanding its footprint, the conglomerate is venturing into Angola's agricultural sector with investments in poultry and horticulture projects.
Chairman Zheng Gang disclosed during a launch event in Luanda, the capital of Angola, that Haishan Group intends to allocate USD 1 billion (EUR 920 million) over the next five years for this ambitious endeavor. Strategic collaboration includes Mingyu Industrial Group, Sichuan Hongling Group, and notable Chinese financial institutions.
Angola's leading supplier of industrial goods, China, remains a significant purchaser of Angolan oil.
President João Lourenço's recent state visit to China from March 14th to 17th included a tour of Shandong province, a crucial hub for Chinese aquaculture and seafood production.
In a preceding arrangement, Angolan diplomats based in Beijing visited Chinese seafood facilities last year, including the headquarters of Fuzhou Hong Dong Pelagic Fishery in Fujian. This company, renowned for its distant-water fishing operations with a substantial processing facility in Mauritania, offered insights into China's seafood industry.
In another initiative, Sino Agro Foods, a Chinese aquaculture firm, had proposed plans in 2018 to establish a significant shrimp and feed production facility in Angola, in collaboration with local partners. However, challenges, including financial constraints faced by the firm, have hindered the project's realization.
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