Portuguese-owned company invests in construction in Mozambique

16 August 2012

Indiconstroi – Sociedade de Construções de Moçambique, a Mozambican company set up by Portuguese businesspeople in 2007, is finishing construction of 96 apartments and a retail area of 500 square metres, on the outskirts of Maputo, radio station Rádio Moçambique reported.

The radio station said that the project, in which Indiconstroi has invested US$8 million, is part of the Zimpeto Urbanisation being built by the same company, which plans to build 574 housing units and invest a total of US$47 million.

The location of this new urban area is one of the distinctive aspects of the project as it is next to the new Maputo ring road, near the Zimpeto national stadium.

João Nogueira, the chief executive of Indiconstroi, told Rádio Moçambique that sales of the units, which have already begun, had exceeded expectations and added that, “demand for retail spaces is exceeding supply, and a Millennium bim branch will be set up at one of the stores.”

Several companies from Portugal’s Leiria region, where Indiconstroi’s shareholders are originally from, are involved in this project, by supplying and applying construction materials and a variety of equipment. (macauhub)