Matola municipality in Mozambique may house a Special Economic Zone

13 July 2011

Maputo, Mozambique, 13 July – The northern area of the Matola municipality is expected to become a Special economic Zone in 2012 in order to house large projects currently being developed by investors from Italy, the United Kingdom, Portugal, India and South Africa, according to the area’s mayor.

Speaking to Mozambican newspaper Correio da Manhã, Arão Nhancale said that investors from those countries had shown a “lively interest,” in setting up their investment projects in the region.

For that purpose, inventory and renewal work on the exact locations of the industrial projects is underway and the projects will receive tax benefits. Licensing and certification of the companies will be the responsibility of the Office of Accelerated Development Economic Zones (Gazeda), an arm of the Planning and Development Ministry.

If the project goes ahead, Maputo province will have its second Special Economic Zone, the first being located in the Beluluane Industrial Park, in Boane district. (macauhub)