Maputo province approves investment projects costed at 957 million dollars

Maputo, 30 Aug (AIM) –Maputo province, in southern Mozambique, has approved over the last year investment projects budgeted at 957 million dollars.

According to the governor of Maputo province, Júlio Parruque, who was speaking in the southern district of Marracuene, at the 58th edition of the Maputo International Trade Fair (FACIM), the major business event in the country “last year, Maputo province had a portfolio of investment projects totalling 957 million dollars.”

One of the major projects, the construction of a large factory producing ceramic materials for the construction industry, is under way.

The ceramics factory, said Parruque, represents an investment of just over 100 million dollars and has the potential to employ over 4,000 workers, particularly young people.

He said that the investment and the work in progress were the result of the government’s economic diplomacy campaign and “Maputo province is certainly feeling the results of our head of state’s diplomatic missions abroad.”

Maputo province is in the process of recovering the local economy, after the floods in the first quarter of this year, which particularly affected the agricultural sector, including the sugar industry.

At the same event, during the ceremonial launch, Mozambican President Filipe Nyusi revealed that the Mozambican government’s Agency for Investment and Export Promotion (APIEX) received in the first half of the current year over 123 investment projects, budgeted at 1.7 billion dollars.
(AIM)
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