Sofala province in Mozambique may receive US$1.5 billion in investments this year

12 April 2012

The Mozambican province of Sofala may this year receive total estimated investments of US$1.5 billion, said the director general of the Investment Promotion Institute (CPI), Lourenço Sambo.

Sambo noted that the province was currently the logistics centre for large investment projects based in Tete province, particularly coal mining projects, and that a new port was due to be built in the Savana area of the city of Beira, as well as a cement factory and a trading post funded by Chinese investors from the Sogecoa group.

Sambo also said that this year an industrial park would be built in Dondo, and that construction of a cement factory and the future Nestlé facility.

All of this is happening at the same time as Companhia de Sena, in Marromeu, plans to pave the local aerodrome and build a distillery, as part of project costing US$250 million. (macauhub)

MACAUHUB FRENCH