Turkey leading Foreign Direct Investor
Mozambique received US$ 193.1 million in foreign direct investment (FDI) in the first half of 2018, with Turkey, with more than US$ 70 million, leading the list of the 10 largest investors, according to official figures.
Transport, communications, industry and construction were the areas that received Turkish investment in the first six months of 2018, and this funding was applied to projects in the city and province of Maputo. Figures from the Investment and Export Promotion Agency (Apiex), quoted by Mozambican newspaper O País, showed that China, the country’s largest economic partner, was in second place, followed by Mauritius.
Portugal, the only Portuguese-speaking country on Apiex’s list, came in fifth.
The province and city of Maputo were the main recipients of foreign direct investment in the period under review, with US$148.5 million, which financed a total of 62 projects. Adding domestic direct investment to foreign investment brings the total to US$ 550 million in the first half of 2018, according to Apiex.
The Maputo and Ankara authorities signed a cooperation agreement in April 2017 for the construction of 5,000 houses in the Zimpeto neighbourhood outside the Mozambican capital by 2022, with the delivery of the first keys scheduled for this year.