LUANDA | Projects & Construction

[skytrax]

Awesome!

[skytrax]

Eis aqui a prova. O Palacio da Justiça está praticamente acabado tal como foi projectado no Dargroup.

[KQV208]

So pretty much there is a construction site in every suburb or part of luanda? it's amazing to say the least.

[skytrax]

YES! Reconstruction in everywhere in Luanda

[Kwame]

*New Project Update*

Torre da Missao ~ 20 Fl. ~ Site Prep ~ Mixed-Use



Click here for more information.

*Courtesy of muloji17*


Solar de Alvalade ~ 18 Fl. ~ Under Construction ~ Residential



Click here for more information.

*Courtesy of skytrax*


Edificio Dipanda ~ 14 Fl. ~ Under Construction



Click here for more information.

*Courtesy of skytrax*

[Huti]

any problems with global crisis?

[Kwame]

Of course, what country hasn't been effected?

This global economic crisis has effected the projected economic growth of Angola (which was forcasted to be around 11% this year, but now downgraded to around 4-7%), but foreign direct investment has stayed relatively strong this year. One good thing about this crisis is that it has urged the Angolan government to diversify the economy by focusing less on the oil and gas industry, and more on other industries like agriculture, services, manufacturing, etc.

If you're interested in reading news dealing with the economy of Angola, check out the economy thread in the Angola forum. Cheers!

[You are to blame]

I will just like to add a few pics of construction

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

[Buyckske Ruben]

Wow just look to that skyline!!!!!!! I cant believe my eyes a skyline in the heart Africa??? This is supergood

And many other crapers are coming good for the wellfare of that country!

[You are to blame]

Originally Posted by Buyckske Ruben

Wow just look to that skyline!!!!!!! I cant believe my eyes a skyline in the heart Africa??? This is supergood

And many other crapers are coming good for the wellfare of that country!

Luanda isn't the only African city going through a building boom right now. Addis Ababa, Nairobi, Lagos, Dakar, Libreville, Bata, Malabo, Kigali, Kampala,, Durban, Tunis, Algiers, and Accra, to name a few, are all building a lot of building and infrastructure currently. But Luanda and Angola overall have the most constructions going on.

[Kwame]

Thanks for the pics YATB. Here's an article explaining just how fast the economy has been growing these last few years.

Angolan Economy Records 92 Percent Growth in Four Years

3/30/09 7:18 PM

Luanda – Angolan minister of Economy, Manuel Nunes Júnior, said Monday in Luanda that the country’s economy recorded an average growth rate of 9.6 percent between 1989 and 2007 and a 92.4 percent real growth from 2004 to 2007.

Manuel Júnior, who was speaking at the opening of the Angola-Netherlands Economic-Business Forum, stressed that the Angola economy is among the world’s most growing, following the consolidation of the political stability.

According to the minister, the results show that in four years alone, the Gross Domestic Product (GDP) has almost doubled which, he added, is remarkable, as it corresponds to an average annual real growth rate of approximately 17.8 percent.

He stated that Angola has been guaranteeing the national reconstruction and setting steady steps towards the macro-economic stability and development of the basis for a strong economic development.

The minister asserted that the political stability and investments in the rehabilitation and modernisation of the productive infrastructures have been leading to a major flow of goods and people, increase of local and foreign private investment and alteration to the basic structures of the economy.

Mentioning the result of the diversification of the Angolan economy, Manuel Júnior told the Dutch business people that since 2006, the non-oil GDP has been growing at a higher pace than the oil one which, according to him, is a positive sign.

He also mentioned that the national currency (Kwanza) has been stable, playing more effectively its role as a trade and reserve value.

The minister noted that from the period of hyper-inflation of 1996 that reached an accumulated rate of 3,000 percent, the country is recording over the last few years an inflation of about 10 percent (12.2 percent in 2006, 11.79 in 2007 and 12.8 in 2008).

Manuel Junior assured that although affected by the world financial and economic crisis, the Angolan economy will continue to grow in 2009, within an environment of stability and with a rate above three percent (population’s growth rate).

To him, it is fundamental that Angola continues with its poverty and famine fight programme, through the main projects of rehabilitation of infrastructures and foment to the productive activity, coupled with institutional reforms.

AngolaPress

[Shezan]

really happy for the Luanda architectural evolution! look FWD to visit this beauty

[skytrax]

[hamilton05001]

I have to say I never hadn't seen pics of luanda and i'm mesmerized cuse the pics tnxs guys for the pics.., greetings from central america.

[Kwame]

Recent panorama of the Luanda skyline

image hosted on flickr


Source: Flickr (elisa vaz)

[Matthias Offodile]

Watch this please: social housing project 200 000 PEOPLE...the biggest in ENTIRE AFRICA

Courtesy of Skytrax

[You are to blame]

some construction shots

[Huti]

Originally Posted by Kwame

Of course, what country hasn't been effected?

This global economic crisis has effected the projected economic growth of Angola (which was forcasted to be around 11% this year, but now downgraded to around 4-7%), but foreign direct investment has stayed relatively strong this year. One good thing about this crisis is that it has urged the Angolan government to diversify the economy by focusing less on the oil and gas industry, and more on other industries like agriculture, services, manufacturing, etc.

If you're interested in reading news dealing with the economy of Angola, check out the economy thread in the Angola forum. Cheers!

thank you

[Nsch]

good for luanda , and for entire africa!!! really nice and moderns projects!!!!

[skytrax]

Ginga Shopping

Originally Posted by skytrax