Chinese entrepreneurs to invest in grapefruit production in Mozambique

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A group of Chinese businesspeople under the umbrella of the Jiangsu Huaxi Group consortium plan to invest US$6.2 million in a 2,000 ha grapefruit agricultural project in the central Mozambican province of Manica.
Macauhub | 16 May 2018

Chinese entrepreneurs to invest in grapefruit production in Mozambique
 
A group of Chinese businesspeople under the umbrella of the Jiangsu Huaxi Group consortium plan to invest 374 million meticals (US$6.2 million) in a grapefruit agricultural project in the central Mozambican province of Manica, said the consortium president after the group was received in audience by the provincial governor.
 
Wu Xie’en, quoted by Mozambican newspaper Noticias, also said that the meeting with Governor Alberto Mondlane was to present the project and request an area of land for its implementation, which will initially require 2,000 hectares.
 
He said that the province of Manica has excellent conditions for growing citrus fruits, hence the consortium’s investment in that province and added that this project is designed for three years, after which it will be assessed to see if it is worth continuing with the production of grapefruit in the province of Manica.
 
The president of the consortium said that production would be preferentially exported to Europe and to China, and contacts had already been made, which shows that, if the project is viable, the product has a guaranteed market.
 
In addition to grapefruit production, the Chinese consortium plans to explore new areas and investment opportunities in the agricultural and mining sector, with Wu Xie’en saying that grapefruit production is just the start of investments planned by Chinese entrepreneurs in Manica. (macauhub)
Source: Macauhub
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