The government of Mozambique will create a duty free industrial zone in Revubué, in Tete province, which initially will occupy an area of 4,500 hectares and cost US$770 million, said the spokesman of the Council of Ministers.
The spokesman and deputy health minister, Mouzinho Saide, said the government intends to rely on support from the private sector to move ahead with the first phase of the project.
Saide said potential lenders were still being identified for the project which, according to the plan drawn up, will be a hub for industrial development and other services, and for creating jobs in the region.
“We have identified some potential investors, and the process of launching tenders is underway for the construction of the steel plant that will be deployed as an anchor project in that area,” Saide said, quoted by daily newspaper Notícias.
The spokesman for the Council of Ministers added that the development of projects in the mining industry in Tete province has created conditions to set up industrial development hubs, bring together projects that can add value to various mineral resources in the exploration phase. (macauhub/MZ)