MOZAMBIQUE | Chinese company invests USD260 million in SEZ

Chinese company Dingsheng International Investments has already invested USD260 million of a total US$500 million to build infrastructure in the Manga-Mungassa Special Economic Zone, in Mozambique’s Sofala province, Mozambique’s Minister for Planning and Development said in the city of Beira.
Minister Aiuba Cuereneia also said that the investment was used to build basic infrastructure, including the power and water supply, roads, industrial warehouses and other facilities, as part of a project that includes construction of an administrative building, customs warehouses, and an exhibition area, as well as a hotel.
The minister also said that the infrastructure built in the Manga-Mungassa SEZ would play a crucial role in supporting manufacturing and trading companies that, in turn, would reduce the cost of the initial investment made by Dingsheng International.
Speaking at the opening session of the 1st Seminar to promote investment opportunities in the Manga-Mungassa SEZ, Cuereneia noted that the strategic location of the city of Beira was the first factor that would be highlighted by the SEZ, and that it also benefited the provinces along the “Beira Corridor.”
Speaking to Mozambican daily newspaper Notícias, the director of the Office for Accelerated Economic Development Zones (Gazeda), Danilo Nalá, said that there were at least two companies operating in the SEZ, one of which exports copper mined in Zambia.
The Manga-Mungassa SEZ was set up following a July 2012 law and covers an area of 217 hectares, which may be increased to 1,000 hectares. Dingsheng International manages the SEZ. MDT/Macauhub