Mozambique’s Matola municipality attracts US$500 million in investment over last eight months

23 May 2011

Matola, Mozambique, 23 May – Over US$500 million have been invested over the last eight months in 50 industrial projects in the city of Matola, on the outskirts of the Mozambican capital of Maputo, providing at least 2,000 new jobs, said the mayor of the municipal area, according to the Mozambican press.

Speaking at the 3rd Matola Business Forum held Friday in the city, Arão Nhancale noted as examples of those investments, the project for construction of 10,000 houses for young people and public workers, costing US$200 million and the installation of an industrial park in the Língamo area, representing an investment of US$3 million by Portuguese and Mozambican partners.

Nhancale also mentioned a project to build a unit to produce construction equipment and furniture worth US$15 million and construction of a hotel and shopping centre complex in the Machava area costing some US$2.5 million.

According to Nhancale investments are also being made in construction of a vehicle assembly plant in Machava as well as the largest Coca-Cola production unit in Southern Africa, for which the Matola municipal area has approved the concession of a 20-hectare plot of land.

The Matola Business Forum, which brought together around 300 Mozambican and foreign businesspeople, is a platform to discuss the economic development of Matola. (macauhub)