Mozambique: UAE Promises Wide Ranging Investment
AIM | 21 November 2017
Mozambique: UAE Promises Wide Ranging Investment
Maputo — The United Arab Emirates (UAE) on Monday declared that it will invest in a wide range of areas in Mozambique, including agriculture, mineral resources and transport.
Speaking at the official opening of the UAE embassy in Maputo, the country's ambassador, Asim Al Ramrah, declared that the UAE and Mozambique recently signed agreements on the reciprocal promotion and protection of investments, and on avoiding dual taxation. Al Ramrah believed these would help investment and trade flows between the two countries.
Among the projects listed by the ambassador is the building of a professional training centre in the southern province of Inhambane, costing 2.5 million dollars. This centre should produce its first graduates next year.
Al Ramrah said that discussions on cooperation in agriculture are encouraging and are reaching their final phase. A Mozambican delegation is in the UAE to conclude procedures prior to signing a formal agreement.
Dubai Ports World, the ambassador added, is in negotiations with the Mozambican government over the future of the port of Nacala, in the northern province of Nampula. The Dubai port company is already one of the main partners in the Maputo Port Development Company (MPDC), which holds the lease on Maputo port.
Al Ramrah promised that Emirates Airlines will shortly begin direct flights between Dubai and Maputo, which he believed would encourage trade and investment between the two countries.
The ambassador said that to date the UAE has invested 3.3 billion US dollars in Mozambique. Of this sum, 1.3 billion dollars was foreign direct investment, which generated more than 17,000 jobs. 33 UAE companies are currently operating in Mozambique, and seven Mozambican companies are working in the UAE.
Asim Al Rahmah has been UAE ambassador to Maputo since April 2016.
Source:
AIM
Post a comment
-
Karuturi to start afresh in Ethiopia
23 Apr 2018 -
Feronia au bout du tunnel en RD Congo ?
21 Apr 2018 -
L'américain APC se lance dans le palmier à huile en Guinée Bissau
19 Apr 2018 -
Argentina: Advierten “desastre anunciado” por avances extranjeros para pasta de celulosa en la región
19 Apr 2018 -
Ghosts in the machine
18 Apr 2018 -
Audio: Impacts of agriculture on Brazil’s Cerrado region
18 Apr 2018 -
Farm group opposes CAFOs, foreign-owned farmland
18 Apr 2018 -
Japan's Nippon Life makes a US$92.5 million offshore farmland investment
17 Apr 2018 -
Campaign launch: Celebrating and defending customary land
17 Apr 2018 -
Les citoyens étrangers n’auront pas le droit de posséder des terres agricoles en Arménie
17 Apr 2018
-
Karuturi to start afresh in Ethiopia
23 Apr 2018 -
Feronia au bout du tunnel en RD Congo ?
21 Apr 2018 -
L'américain APC se lance dans le palmier à huile en Guinée Bissau
19 Apr 2018 -
Argentina: Advierten “desastre anunciado” por avances extranjeros para pasta de celulosa en la región
19 Apr 2018 -
Ghosts in the machine
18 Apr 2018 -
Audio: Impacts of agriculture on Brazil’s Cerrado region
18 Apr 2018 -
Farm group opposes CAFOs, foreign-owned farmland
18 Apr 2018 -
Japan's Nippon Life makes a US$92.5 million offshore farmland investment
17 Apr 2018 -
Campaign launch: Celebrating and defending customary land
17 Apr 2018 -
Les citoyens étrangers n’auront pas le droit de posséder des terres agricoles en Arménie
17 Apr 2018
-
MartinFum
23 Apr 2018 -
boucard
11 May 2017 -
Elijah
10 Feb 2017 -
sebastian
09 Dec 2016 -
Anonymous
29 Nov 2016 -
Christopher Ajua
26 Nov 2016 -
Sharad Pant
27 Oct 2016