Special economic areas in Mozambique are attracting investors

16 November 2010

Maputo, Mozambique, 16 Nov – The special economic areas of Nacala, in Nampula, and Beleluane, in Maputo province, are attracting investors, the director-general of the Office for Economic Areas with Accelerated Development (Gazeda) said Monday in the Mozambican capital, Maputo.

During a meeting with representatives of diplomatic and consular missions in Mozambique to promote business opportunities and attract investors to the special economic areas, Danilo Nalá said that in Nacala, excluding large projects, five industrial projects were underway in the food, cement, oil and agri-industrial sectors, with an estimated value of US$280 million.

In the Beluluane duty free zone, in its turn, around 20 small and medium-sized companies have been set up, mostly providing assistance to the Mozal aluminium foundry, in a process that required investment of US$63 million.

At the meeting, the head of the department of the Special Economic Areas at Gazeda, Simão Joaquim, said that soon two power transmission lines would be built in Nacala, one linking Chimuara (Zambézia) and Nampula and another linking Nampula and Pemba (Cabo Delgado), as well as boosting the current Nacala line.In 2007, the Mozambican government approved the creation of the Nacala Special Economic Area to promote the integrated development of the northern region of the country and serve countries in the interior.

For that purpose, it approved the concession of incentives, which include, amongst other things, customs tax exemption on imports of construction materials, machinery and equipment for carrying out the activities of the companies licensed to operate in the area. (macauhub)