![]() ![]() The construction is further evidence of the appetite of Chinese investors to invest in markets in Africa. African Sunrise Investment has extensive operations in Namibia and is considered to be politically close to several former presidents.Īngola is China’s largest source of crude oil in Africa and the two countries have longstanding oils-for-loans agreements. When complete, the mall will be operated by African Sunrise Investment, a consortium that also manages the operations of Cidade da China and Mercado Quicolo Shopping malls. Phase 1 of the build is due to be completed by the end of 2022. The mall will also feature restaurants, entertainment outlets, other retailers, banks and some accommodation. The overall site is 100,000m², on which a 20,000m² two-story supermarket will also be built. The mall is being built by Anxing International, a Chinese construction company. Construction will cost $30m and is expected to last two years. The new mall will be in the Zango district. Construction has begun on the first shopping centre of the Chinese-owned Outlet Shopping Mall chain in Luanda.
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