An inauguration ceremony for Zango new city project which is undertaken by CITIC Construction was held on December 19, 2019. Angolan President Joao Lourenco and his wife presided over the ceremony and inaugurated the new city. Several Angolan ministers including Sergio Luther Joaquim, Governor of Luanda, and Ana Paula, Minister of Territory Planning and Housing of Angola, were present at the ceremony. Li Zhengquan, Vice President of CITIC Construction and relevant personnel from the Africa Division also attended the event.
The Zango new city project, consisting of 8,000 suites, public buildings and supporting municipal works, is the larger plot of RED social housing project. Located in Zangu District, Luanda and covering an area of 4.16 square kilometers with a total construction area of 1 million square meters, the project started the handover on July 31, 2018, and completed the transfer of all projects on January 11, 2019.