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Angolan investment group extends international operations to UAE

United Arab Emirates: Sunday, October 04 - 2009 @ 11:40

Ridge Solutions currently has a total land area of 45 Million m² under development in Angola.

The company has three residential towers under construction in Luanda, the first of which is scheduled for an early 2010 completion, and more than 230 residential towers in the planning stages. Other activities include hotel, commercial, retail, industrial, agriculture and aquaculture projects.

RS Capital Middle East Ltd, a subsidiary of Ridge Solutions International Holdings Ltd, will offer broad-based financial services (including management, brokerage and consultancy) to Middle East investors seeking investment opportunities in Angola.

Ridge Solutions Executive President Jose F. Ramos said:

“The Middle East remains a strong market for international investment and with Angola’s huge potential for growth linked to its national reconstruction programme and an abundance of natural resources, it offers a wide range of high yield options well-suited to this region. Our service model is based on the implementation of international best business practices, which include a commitment to quality, innovation and ethics.”

Angola is the seventh largest country in Africa, with 1,600km of Atlantic coastline, and sub-Saharan Africa’s third largest economy. The country, rich in natural resources, is sub-Saharan Africa’s second largest petroleum producer, the world’s fourth largest diamond producer, and possesses rich mineral deposits (including iron, copper, zinc, tungsten and gold) – finally, 25% of Africa´s freshwater resources originate in Angola.

Real GDP for Angola is forecast to recover in 2010, growing by 6.4%, in line with rising oil production (The Economist Intelligence Unit report July 2009); national reconstruction (infrastructure spending) is expected to reach $2.3bn in 2010 and $4.59bn by 2012 (“The Angolan Economy: Recent Evolution and Perspectives,” Min. Fin. 2007).

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Sunday, October 4- 2009 @ 11:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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