Tourism revenue in Mozambique expected to reach US$157 million in 2007

9 May 2007

Nampula, Mozambique, 9 May – Tourism revenues in Mozambique are this year expected to total US$157 million against, or a 13 percent rise as compared with the US$139 million for 2005, the country’s President, Armando Guebuza said Sunday in Nampula.

According to Mozambican newspaper, Noticias, after opening a hotel unit in the city of Nampula, Guebuza noted that the fiscal incentives package approved by the government for the tourism sector showed its commitment to focusing on the sector as a motor to drive the country’s development.

Accordingt o Guebuza, Mozambique has great potential for growth in the tourism sector due to its location, the richness and diversity of its animal and plant life, as well as its long coastline and paradisiacal islands.

The Hotel Executivo Nampula, a four-star unit, is a direct national investment valued at around US$8 million. (macauhub)