Reduction of raw material exports: Mesquita calls for greater contribution of Beluluane Industrial Park companies

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Reduction of raw material exports: Mesquita calls for greater contribution of Beluluane Industrial Park companies

1:01 CAT | 13 Jul 2020

Photo: O País

The Minister of Industry and Commerce, Carlos Mesquita, has urged companies operating in Beluluane Industrial Park in Maputo province, to help reduce exports of raw material by investing more and more in local value-added transformation.

Behind this appeal lies the fact that most of the country’s exports are made up of ores, agricultural products and fisheries, hence the need to take more advantage of this potential in domestic industries, including those operating in Beluluane Industrial Park.

In addition to reducing exports, Minister Mesquita said, the transformation of the raw material by the industries based in the industrial park would constitute an incentive to national production and the attraction of new projects.

Minister Mesquita said the government would continue to create conditions for more companies, especially domestic companies, to invest in Beluluane Industrial Park. “Our government has industrialisation as one of the main vectors of a strategy to boost the growth, productivity and competitiveness of our economy,” he explained.

The minister made his remarks after visiting, on Wednesday, July 8, nine facilities in Beluluane Industrial Park, which was created in 1999 as a Free Trade Zone and currently houses 40 companies which together contribute 40% of the country’s industrial domestic product and occupy an area of 300 hectares. A further 400 hectares remain available for development.

The minister said that, with the remarkable growth of the Beluluane Industrial Park in mind, the government planned to build two more similar parks in Mozambique, specifically in Nacala and Beira, located in Nampula and Sofala provinces respectively.

Source: MediaFax