Luanda - The multinational Philips, world leader in manufacturing electronic products intends to invest in Angola, setting a strategic agreement with the government and local enterprises said on Wednesday here, the company’s market manager, Jan Hoogstrta.

According to Jan Hoogstrta, speaking in a press conference in a business exhibition held in the Angolan capital city, Luanda, the Philips sees Angolan market with a good expectation and confidence considering that Angola grant stability and business increment in the Sub-Saharan Africa.

Without revealing the amount to be spent on the business, nor the jobs it may create in the country, Jan Hoogstrta said that facilities of investment as well as the legislation betterment are the guarantees and facts of importance to businessmen.

“We did not define our amount to invest nor the number of jobs to create but we have a big confidence in the market,’’ referred the market manager of Philips adding that the European company wants to cooperate in public illumination and giving other solutions to products of its branch of activities.

With a profit of 27 billions of euros in 2007, Philips has all over the world 134, 000 employees in 60 countries.

The company leads the equipment market of medicine diagnosis by image and monitor of patients, personal and house hygienic products as well as electronic products.