Mozambican government encourages Turkish businessmen to invest in agriculture and natural gas projects – AIM

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Mozambican government encourages Turkish businessmen to invest in agriculture and natural gas projects – AIM

10:37 CAT | 20 Jun 2025

File photo: AIM

The Secretary of State for Industry at the Ministry of Economy, Custodia Paunde, encourages Turkish businessmen to invest in agriculture in Mozambique, a country with more than 36 million acres of arable land and more than 200 trillion cubic feet of natural gas.

The country also has huge deposits of minerals, coal, heavy sands, gold, precious stones, as well as a coastline stretching over 2,700 kilometers.

Speaking at the opening of the Mozambique-Turkey business forum, Paunde said that the event is an excellent opportunity to explore strategic partnerships in the energy, agro-industrial, construction, finance, infrastructure and foreign trade sectors.

“These are areas with great potential where Mozambique seeks not only to attract capital and technology, but also to build a solid productive base that contributes to the structural transformation of our economy,” she said.

“We want to convert natural resources into jobs and income, reduce imports, improve our trade balance, and position Mozambique as a regional and international supplier of semi-finished and finished products,” she said. She stressed that the Turkish companies present, with their diversity of products and proven technical capacity and inclusion, are ideal partners in this effort. The complementarity between the country’s development needs and Turkey’s industrial maturity opens up promising space for long-term sustainable business with transformative results.

The government is aware that despite the country’s potential, trade flows and investments between Mozambique and Turkey are still incipient. “We need to build a new stage in our economic relations with investments that favor the creation of value in the national territory in the areas of chemical substances, ferrous and non-ferrous metal products, industrial machinery and equipment, textiles and clothing, agro-industry, agriculture, livestock, infrastructure and logistics,” she said. On the other hand, he explained that the new investment law ensures equal treatment between national and foreign investors and fast processes.

The Exchange Law, the Labor Law and the regulations for hiring foreign workers, all of these legal provisions are aligned with international best practices.

The tax reform that reduces Value Added Tax and IRPC in productive sectors such as agriculture, the granting of visa exemptions for entrepreneurs from 29 countries and the simplification of company registration and licensing procedures are other incentives for investment.

Custódia Paunde said that Mozambique benefits from preferential access to markets in Europe, the United States of America, Asia and other blocs, which means that investing in Mozambique allows direct access to more than 400 million regional consumers and contains millions globally.

The vice-president of the Chamber of Commerce of Mozambique (CCM), Yolanda Fernando, stressed that the presence of the Turkish Business Mission reaffirms the importance of deepening economic and trade relations between the two countries.

In turn, the representative of the Turkish Chamber of Commerce in Mozambique, Halim Ozge, said that in addition to projects in the areas of energy, business, clothing, aluminum, crockery, real estate, among others, Turkish businesspeople are waiting for the bureaucratic processes to start a project to build 10,000 houses, of which 5,000 in the municipal district of Katembe and the same number in the Zimpeto area.

Source: AIM