Beluluane Industrial Park in Mozambique receives investments of US$106 million

5 June 2014

The 24 companies established in the Beluluane Industrial Park, in Maputo province, have so far invested a total of US$106 million, the permanent secretary of the Mozambique Ministry for Planning and Development.

Speaking at the opening session of the III Seminar for Promotion of Investment opportunities in the Beluluane Industrial Duty Free Area, Salim Valá said that these investments, as well as creating jobs, had also increase exports and tax revenues.

Cited by daily newspaper Notícias, Valá said that growth of economic activities in the duty free area offered up new challenges such as the need to improve infrastructure, notably power grids, water supply, telecommunications and other, which all require new public and private investments.

The Mozambican government on 6 May improved the creation of the Mocuba Industrial Duty Free Area in Zambézia province, which will operate within the Special economic Zone of the same name. (macauhub/MZ)