Spanish companies invest US$35 million in Mozambique

11 October 2013

About 50 Spanish companies that operate in Mozambique have invested around US$35 million over the last three years in infrastructure, fishing and agriculture projects, the deputy Minister for Planning and Development, Amélia Nakhare said Wednesday.

At the Spain-Mozambique business meeting, the Mozambican deputy minister said that this level of investment placed Spain in the top ten countries investing in Mozambique.

According to Mozambican newspaper O País, the event brought together representatives of 35 Spanish companies from the energy, environment, water and transport infrastructure sectors, as well as Mozambican economic agents interested in setting up partnerships with Spanish companies.

The Spanish delegation was headed by the deputy advisor or the Spanish Foreign Trade Institute (Icex), Maria Coriseo González-Izquierdo, who announced a credit line of 75 million euros to fund Spanish-Mozambican projects in the country.

Mozambique’s Minister for Industry and Trade, Armando Inroga, invited Spanish companies to make use of “excellent” investment opportunities for construction and/or modernisation of the Mozambican railway network, as it was an “area of increasing importance for carrying away natural resources.” (macauhub)