Mozambique’s Matola municipality attracts US$1.7 billion in three years

12 October 2012

The Mozambican municipality of Matola, on the outskirts of Maputo, attracted investments in excess of US$1.7 billion between 2009 and 2011, according to the area’s Mayor, Arão Nhancale, who was speaking at the opening of the 4th Matola Business Forum.

Cited by Mozambican news agency AIM, Nhancale said that between 2010 and 2011 the municipality had received investments in excess of US$500 million that had been channelled into 50 business projects that created around 2,000 jobs.

Amongst the projects carried out in Matola, Nhancale noted the construction of 10,000 houses costing some US$200 million, installation of the Lingamo industrial park (US$3 million), construction of a building materials factory (US$15 million) and construction of a hotel and shopping centre in Machava (US$2.5 million).

“The construction of a vehicle assembly factory in Machava is also notable as is what will be the biggest Coca-Cola production unit in Southern Africa, which will cover an area of 20 hectares,” said Nhancale.

These figures, according to the Mayor, are evidence of the increasing interest Mozambican and foreign businesspeople have in investing in Matola and reflect the conditions and facilities created by the local authorities to promote the area as a preferential destination for business and investment. (macauhub)