Mozambique: MozParks signs landmark agreement with SMM for new pharmaceutical facility in Beluluane Park

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Mozambique: MozParks signs landmark agreement with SMM for new pharmaceutical facility in Beluluane Park

3:32 CAT | 01 Sep 2024

Gustavo Martins da Cruz, Chief Executive Officer of SMM (Sociedade Moçambicana de Medicamentos) and Adrian Frey, Chairman of the Board of Directors of MozParks, formalising the partnership at FACIM 2024. The SMM pharmaceutical facility in Beluluane Park will include a production unit for pharmaceuticals, specifically focusing on the manufacturing of medications and medical consumables, and will be built over the course of five years. [Photo courtesy: MozParks]

MozParks is pleased to announce the signing of a significant contract with Sociedade Moçambicana de Medicamentos (SMM) for setting up a pharmaceutical facility in Beluluane Industrial Park (BIP), marking a pivotal step forward in Mozambique’s industrial and healthcare sectors. This agreement will facilitate the construction of a state-of-the-art facility where SMM will produce vital medicines, contributing to the nation’s healthcare needs and economic growth.

The contract was officially signed at the 59 edition of FACIM 2024, the largest international trade show in Mozambique, at a panel discussion focused on industry and technology as key drivers of the country’s development. The signing ceremony was attended by high-level representatives of the Government, public and private sectors, with Adrian Frey, Chairman of the Board of Directors of MozParks, and Gustavo Martins da Cruz, Chief Executive Officer of SMM, formalizing the partnership.

Frey expressed his optimism about the collaboration, stating: “This is an extension of our strong partnership with SMM, representing a significant milestone in our ongoing efforts to attract strategic investments to BIP. Together, we are not only enhancing the industrial capabilities of Mozambique but also directly contributing to the wellbeing of our communities through local pharmaceutical production.”

Martins da Cruz emphasized the strategic importance of this project, as it is a part of the company’s strategy to widen the range of locally manufactured medical and surgical materials. “Our new facility in Beluluane Industrial Park will be the cornerstone of our operations in Africa. By producing essential medications and medical supplies locally, we aim to significantly increase the availability of these critical resources within Mozambique”, said Martins da Cruz.

The facility will include a production unit for pharmaceuticals, specifically focusing on the manufacturing of medications and medical consumables, and will be built over the course of five years.

Celebrating innovation and partnerships at FACIM 2024

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In conjunction with this landmark agreement, MozParks co-hosted an event at the Industrialization Pavilion to celebrate Innovation and partnerships of a sustainable industrialization. The event was organized in cooperation with the Ministry of Economy and Trade and APIEX, and was dedicated to recognizing the critical role of industry in driving Mozambique’s economic progress.

The celebration brought together government representatives, multinational corporations, and the leadership of key exhibiting companies at the Industrialization Pavilion. The event highlighted the importance of cooperations in advancing industrialization, with discussions focusing on how partnerships, such as the one between MozParks and SMM, are essential for sustainable growth.

About MozParks

MozParks is a developer and operator of Sustainable Economic Zones, established as a public-private partnership between the Mozambican Government Agency for Investment and Export Promotion (APIEX) and ASEZA, represented by Swiss-Mozambican investors. As the only industrial park operator in Mozambique, MozParks manages parks in Beluluane and Nampula, with plans for expansion into Cabo Delgado province. To date, MozParks has attracted over 50 companies from 18 countries, securing over USD 3 billion in investments at the Beluluane park in Maputo province.