Core Insights - Angola's Ministry of Agriculture and Forestry announced a memorandum of understanding with China CITIC Construction for a large-scale agricultural project [1] - The project has an investment budget of approximately $250 million, to be implemented in five phases, with all financing sourced from Chinese investors [1] - The ultimate goal of the project is to establish a 100,000-hectare planting area for maize and soybeans to meet domestic consumption and export demands [1] Investment and Export Details - About 60% of the products produced will be exported to China, while the remaining will cater to local consumption in Angola [1] - The memorandum outlines multiple areas of cooperation, including the creation and optimization of a complete agricultural value chain [1] - It also aims to establish a plant quarantine system for food exports to China and promote the signing of bilateral agreements [1]