Portuguese company Casais launches operations in Mozambique with construction of Banco Único headquarters

19 September 2011

Lisbon, Portugal, 19 Sept – Portuguese construction company Casais, which has its headquarters in Braga, started operating in Mozambique with the construction, in Maputo, of the headquarters of Banco Único, which was inaugurated last week, Portuguese weekly newspaper Expresso reported.

The newspaper also said that the project cost US$5 million (3.6 million euros) and that the inauguration of the headquarters of the most recent financial institution to operate in the Mozambican market, a seven-storey building, was held ten months after work began.

Casais has five projects in its portfolio for Mozambique (repairing a road in Nampula, two branches of Banco Moza and two pedestrian bridges in Maputo) and believes that the new market, in 2012, will represent 15 million euros or 15 percent of its turnover in foreign markets.

António Araújo, responsible for international markets at Casais, said that, amongst the African countries, “Mozambique is one of the ones that offers most opportunities in terms of infrastructures.”

Casais operates from its base in Maputo, and has two work yards (Matola and Nampula) and a permanent structure of 25 expatriate technicians and 150 local workers. (macauhub)