Deal #5017

The farm in Malanje is the most modern and advanced farm in the country, and equipped with all farming machines. largest “agricultural production unit in the history of Angola”. The company has another farm in Angola (#5016). The farms are a showcase of modern agriculture in the country. Citic construction is only involved in the construction (won the tender) and training once the center is operational. 5 year contract- 2 years for construction and 3 years for management and training. Citic did not acquire the land itself. Pedras Negras was set up with the Chinese and will be finished next year after which Gesterra will continue operating the farm.