Mozambique: Mozambique’s tourism sector attracts US$900 million in investment in 2007

29 May 2008

Maputo, Mozambique, 29 May – Mozambique’s tourism minister, Fernando Sumbana, said Wednesday in Maputo that in 2007 the tourism sector in the country had attracted investment of around US$900 million.

In 2006 the sector saw investments of some US$600 million.

The tourism sector, according to the minister, is developing in a satisfactory way after seeing a recession during the civil war due to destruction of the country’s infrastructure.

O sector is now witnessing high levels of investment based on Mozambnique taking advantage of the Soccer World Cup taking place in South Africa.

Mozambique is expecetd to be visited by around 100,000 tourists during the World Cup and see revenues of some US$500 million.

The tourism sector posted revenues of US$280 million in 2007, as compared to US$163 million in 2006.

Currently some refurbishment and construction of airports is underway in some areas of Mozambique. (macauhub)