Business people from the United Arab Emirates have “enormous interest” in investing in Mozambique

Mateus Magala, the new Mozambican Minister of Transport and Communications, spoke to journalists in Abu Dhabi on the sidelines of a four-day visit that Mozambican President Filipe Nyusi has been making since Sunday to the UAE.

“Businessmen from the United Arab Emirates have a huge interest in investing in various areas in Mozambique because they have a large surplus” in terms of liquidity, said Magala.

He continued that infrastructures, namely ports and airports, are areas with the potential for attracting investment from business people from that Asian country.

Magala said that UAE business people trust the macroeconomic policies implemented by the African country’s authorities and the prevailing business environment.

As part of Filipe Nyusi’s visit, Mozambique and the UAE will sign a set of memoranda to strengthen bilateral cooperation.

Also, as part of the trip to Abu Dhabi, the Mozambican head of state will meet with his counterpart, Mohammed bin Zayed Al Nahyan.

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