Turkish businesspeople invited to invest in agriculture

Maputo, 20 Jun (AIM) – The Mozambican Secretary of State for Industry at the Ministry of Economy, Custódia Paunde, has invited Turkish businesspeople to invest in the country’s agriculture.

Speaking on Thursday in Maputo at the opening of the Mozambique-Turkey Business Forum, Paunde said that the Turkish businesspeople may explore strategic partnerships in the sectors of energy, agro-industry, construction, finance, infrastructure and foreign trade.

“These are areas with great potential where Mozambique is looking not only to attract capital and technology, but also to build a solid production base that will contribute to the structural transformation of our economy,” she said.

“We want to convert natural resources into jobs and income, reduce imports, improve our trade balance, and position Mozambique as a regional and international supplier of semi-finished and finished products”, she added.

According to Paunde, the Turkish companies, with their diversity of products and proven technical capacity and inclusion, are ideal partners for the country. “The complementarity between the country’s development needs and Turkey’s industrial maturity opens up promising space for long-term, sustainable business with transformative results”, she declared.

Despite Mozambique’s potential, she said, trade and investment flows between Mozambique and Turkey are still incipient.
“We need to build a new stage in our economic relations with investments that favour the creation of value on national territory in the areas of chemical substances, ferrous and non-ferrous metal products, machinery and industrial equipment, textiles and clothing, agro-industry, agriculture, livestock, infrastructure and logistics,” she said.

According to Paunde, Mozambique benefits from preferential access to the markets of Europe, the United States, Asia and other blocs, which means that investing in Mozambique allows direct access to more than 400 million regional consumers and millions globally.

For her part, the vice-president of the Mozambique Chamber of Commerce (CCM), Yolanda Fernando, said that the presence of the Turkish Business Mission reaffirms the importance of deepening economic and commercial relations between the two countries.

The representative of the Turkish Chamber of Commerce in Mozambique, Halim Ozge, said that in addition to projects in the areas of energy, business, clothing, aluminium, and real estate, the Turkish businesspeople are waiting for the bureaucratic processes to start up a project to build 10,000 houses, 5,000 of which will be in the Ka Tembe municipal district and a further 5,000 in the neighbourhood of Zimpeto.
(AIM)
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