Chinese invest US$260 million in Mozambican SEZ

china_mozTo date Chinese company Dingsheng International Investments has invested US$260 million of a total US$500 million to build infrastructure in the Manga-Mungassa Special Economic Zone, in Mozambique’s Sofala province.

Aiuba Cuereneia, Mozambique’s Minister for Planning and Development, says, “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 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.”

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. Source: macauhub