Mozambique, China ink $1.4 billion youth housing project
File photo / For illustration purposes only
The Mozambique Airports board of directors is mobilising investment in the order of US$250 million to finance a luxury real estate project in the Costa do Sol neighbourhood of Maputo. The investment should be approved soon.
The luxury developments will be built over an area of approximately 35 hectares in Maputo’s Costa do Sol neighbourhood, according to Mozambique Airports chairman, Emanuel Chaves.
The idea, he said, was to develop a real estate centre in the Mozambican capital, with offices, luxury hotels, airfields and malls, with income reverting to the public coffers.
The public tender for the development of the project will be launched at the beginning of 2019, and the draft analysis of proposals from foreign investors that have already been submitted are currently being finalised.
The Mozambique Airports chairman was speaking at a business seminar during the 54th edition of the Maputo International Fair.Source: O País
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