A Chinese company is to build 44 15-floor buildings each in Cabinda city, capital of the Angola province of Cabinda.

The "China International Fund" company will built the buildingswith 5,000 apartments in Yabi village, 18 kilometers south of the provincial capital.

At a ceremony held on Tuesday for the launching of the first stone of the project in same city, the Angolan Minister of Urbanization and Environment, Diakupuna Sita Jose, said that the Angolan government will build 200,000 residences countrywide untilthe year 2008.

He said the residences will be built in the ambit of the co-operation with China, and bank loans will be provided for acquisition.

The Minister said, the government, through the National Reconstruction Department, will co-ordinate the operational aspects.

The representative of the Chinese firm, Ju Lizao, said the planning and projecting of the city will be carried out according to the urban concepts of developed countries of Asia and Europe, combined with the type of life and architectonic characteristics of the country.

Ju Lizao presented that the urbanization project of Cabinda city will employ 4,000 Angolans and 1,000 Chinese, with minimum costs, but with better quality and project will finished in 30 months.