Chinese business-owners interested in investing in construction in Mozambique

28 March 2007

Maputo, Mozambique, 28 March – The governments of Mozambique and China Tuesday in Maputo signed a memorandum of understanding to set up the basis for increasing cooperation in the area of Public Works, Maputo daily newspaper, Notícias reported.

The document, which covers the exchange of knowledge, training, financing and technology transfer, was signed by the Mozambican Public Works minister, Felicio Zacarias, and by the Chinese deputy Construction minister, Liu Zhifeng, who ended a two-day visit to Mozambique Tuesday.

Liu was accompanied by a delegation including ten business-owners from the construction sector, who made an exploratory visit that they considered useful, and some showed an interest in setting partnerships and investing in Mozambique.

After signing the memorandum, the Mozambican minister said that a technical commission would now work on systemizing the areas that required a more integrated approach and on the definition of a schedule of activities.

“We dealt with issues related to cooperation in the areas of housing, urban planning and quality of construction, and, concretely, we dealt with the issue of financing, ant-earthquake projects and vertical building,” said Zacarias.

He added that the memorandum also included total transfer of technology and technical assistance in the development of construction projects making use of alternative materials. (macauhub)

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