Nacala, in Mozambique, attracts 46 investment projects in three years

21 September 2012

The city of Nacala, in Mozambique, over a three-year period, has attracted 46 investment projects worth a total of US$400 million, 25 of which are already operating, said the city’s Mayor.

Chale Ossufo told Mozambican daily newspaper Notícias that the projects already in operation had created 1,350 jobs and opened up the way for more investors in the Special Economic Zone (ZEE), which was the first of its kind to be set up in Mozambique.

The Mayor also noted that the flow of investment channelled into the city of Nacala, in Nampula province, was changing the area into a benchmark in terms of economic growth in the country.

He added that seven expansion areas had been set aside to build houses and social and economic facilities, given the growth that the city was experiencing due to the investment projects, most of which are industries. (macauhub)