Mozambican government needs US$800 million for tourism project in Inhassoro

7 February 2011

Maputo, Mozambique, 7 Feb – A quality tourism project put together by the Mozambican National Tourism Institute (INT) is currently being “sold” to potential investors, the director general of the institute, Gildo Neves said.

The project for two five-star tourist resorts includes over 1,850 residential units and 1,000 rooms, a golf course, conference rooms and swimming pools, amongst other facilities to be built in the Mapanzene area, on the coast of Inhassoro, northern Inhambane, and will require investment of US$800 million, according to Mozambican daily newspaper, Notícias.

Neves said that in order to find potential investors, activities to promote national tourism and this project in particular were underway via presentations at several international forums.

“There has been some interest in ‘buying’ the project from several tourism operators, but we are not going to stop here, we will continue to carry out tourism conferences to seek investors,” said Neves, as “Mozambique is facing competition from countries such as Tanzania, Mauritius and Kenya, which have also been promoting their tourism potential.” (macauhub)