Mozambique and Qatari investment group sign agreement worth 20 billion dollars

Maputo, 27 Aug (AIM) – The Mozambican government and the Qatari investment group Al Mansour Holdings have signed a strategic agreement worth 20 billion US dollars to be invested in a variety of areas, especially agriculture, electricity, infrastructures and tourism.

This long-term investment agreement – which was signed on Tuesday, in Maputo, by Osvaldo Machatine, executive coordinator of the Office of Reforms and Strategic Projects, and Sheikh Mansour Bin Jabor Jassim Al Thani, representing the Qatari conglomerate – is aimed at creating jobs for young people.

The signing of the strategic agreement preceded an audience granted to Sheikh Mansour Al Thani by Mozambican President Daniel Chapo.

Speaking to reporters after signing the agreement, Sheikh Mansour said that the cooperation represents a strategic commitment between Africa and the Middle East “and it will leave lasting legacies and strengthen sustainable development.”

“Mozambique finds itself at a crucial moment in its history, a moment when vision, courage, and cooperation can transform challenges into opportunities and ambition into lasting prosperity”, he claimed.

According to Mansour, the agreement envisages “A future where opportunities know no borders. A future where innovation fuels progress. A future where all citizens, especially our young people, have a role to play in building strong and resilient societies”.

“Now we will act”, he continued. “We will face this moment with courage, vision, and unity; we will build schools and hospitals, industries and infrastructure; we will empower young people, uplift communities, and bring lasting prosperity to every corner of Mozambique; we will leave a legacy for which our children will thank us and a nation that is proud and remains strong for generations,” he said.

“At Al Mansour Holdings, we believe that true development is not measured by short-term gains, but by projects that leave a legacy; projects that create jobs today and hope for tomorrow; that empower young people, uplift communities, and ensure that prosperity reaches every corner of society”, he declared.
(AIM)
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