LUANDA, Feb. 7 (Xinhua) -- Angola will receive 2 billion U.S. dollars from South Korea for the construction of a power plant in the southern province of Benguela.
The Africa-Korea Economic Development Association (AKEDA) and Angola's National Agency for Private Investment and Export Promotion signed a memorandum of understanding on Thursday.
The amount is part of a global fund of 5 billion dollars the association plans to raise to invest in various projects in Angola.
AKEDA's secretary general Chung-Siwod said AKEDA has a particular interest in the energy and agriculture sectors as well as small and medium-sized companies.
"AKEDA is represented in 39 African countries and we are particularly interested in working with the Angolan authorities as Angola is located in a strategic region of Africa with an economy of a promising future," he said.
