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Adriano Maleiane: “Mozambique Hopes for Closer Trade and Investment Ties With China”

Adriano Maleiane: “Mozambique Hopes for Closer Trade and Investment Ties With China”

Mozambican Prime Minister Adriano Maleiane on Friday expressed his hope of strengthening economic and trade cooperation in various sectors with China at an investment promotion event held in Hubei Province, central China.

In his speech at the event, Maleiane emphasised Mozambique’s economic strengths and his hope that both countries will deepen cooperation in sectors such as agriculture, tourism, energy and infrastructure development to advance the country’s economic diversification.

More than 50 Mozambican officials and business representatives attended the event.

China is among Mozambique’s top 10 foreign investors, with 166 projects approved in Mozambique between 2017 and 2022, creating more than 19,000 jobs. The total investment value exceeded US$ 1 billion, of which more than US$ 700 million are direct investments, according to the data shared by the Mozambican Minister of Industry and Trade, Silvino Moreno, at the event.

Most of these investments were in the industrial sector, followed by construction and services, said Moreno, adding that Mozambique is looking forward to Chinese investment in agriculture, industry, infrastructure and logistics.

Xinhua Português

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