The easing of restrictions imposed by the coronavirus pandemic and, mainly, the imminent beginning of the exportation of Liquefied Natural Gas (LNG) by the floating platform of Coral FLNG Project, as well as the possible short-term resumption of activities by TotalEnergies in the Mozambique LNG Project, in the Rovuma basin, are the reasons that lead the bank to show itself as “optimistic” regarding the development of the real estate sector in the country.
In view of these perspectives, several stakeholders, including investors, financiers, brokers and real estate agents, and other interested parties have recently participated, in the city of Maputo, in the Mozambique Real Estate Forum (MozamReal).
Speaking at the opening ceremony, the Director for Energy, Infrastructure and Commercial Real Estate of Standard Bank Investment Banking, Edson Machel, referred to the importance of the event as “a platform for whom the meeting served to understand to what extent the country is prepared and how it should prepare itself to respond adequately to the demand that may arise in the coming years.
And pointed out the “improvements that must be made, so that we are prepared to serve the needs that may arise, for example, from the exploration of natural gas, specifically in the residential, logistics, distribution, and storage areas, offices, corporate accommodation, shopping centers among others, not to mention that we have an emerging class in the country, which must deserve our attention”, he stressed.
