Maputo: Businesspeople from Mozambique and Dubai discuss new investment opportunities
Mozambique: Turkey injects $270m in direct investment
9:33 CAT | 23 Feb 2018
APA / Ambassador Zeynep Kiziltaney
The Turkish ambassador to Mozambique Zeynep Kiziltaney said her country’s direct investment in Mozambique has so far reached $270 million over the last six months.
The diplomat was quoted by Radio Mozambique on Thursday as saying that the figure could reach other levels this year judging by the enormous potential in the country.
“There is still great potential to increase and diversify Turkish investment, including in infrastructure, agriculture, tourism and energy, areas of priority for the socio-economic development of Mozambique,” Ms Kiziltan said.
According to the broadcaster, the diplomat made the announcement during the official inauguration of the $50 million Turkish Limak cement factory in the industrial city of Matola on Thursday, just on the outskirts of the capital, Maputo, an event attended by the Mozambican president, Filipe Nyusi.
She saidTurkish president Recep Tayyip Erdoğan has proposed to increase bilateral trade with Mozambique to $500 million by the end of 2018.
Zeynep Kiziltan said as a way of stimulating investment and trade, negotiations are underway to avoid double taxation between the two countries.
Talks began since January on a preferential trade agreement between Maputo and Ankara.
Source: APA
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