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Home International Customs

UAE eyes Mozambican investments

byCT Report
07/05/2016
in International Customs
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ABU DHABI: A visiting high-profile businesses delegation from the United Arab Emirates (UAE) has expressed willingness to strengthen business ties with Mozambique and to invest in the southern African nation’s agriculture and transport sectors, APA learns here on Friday.Addressing journalists after an audience with Mozambican Prime Minister Carlos Agostinho do Rosario, chairperson of the Chamber of Commerce and Industry of Dubai, Saif Al Ghurair, said his delegation had “come to step up our relations with Mozambique in agriculture and transport”.

The Dubai Chamber of Commerce and Industry has opened an office in Maputo. Ghurair said the UAE government had recommended that business relations be boosted with Africa and that the Dubai business community had chosen Mozambique as a base for covering sub-Saharan Africa.

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“Our interests in Mozambique cover mostly the areas of agro-business, transport and logistics and we believe that more companies from Dubai will come to Mozambique, because the business environment is promising, the country has a stable economy, and is rich in resources. Now we need to advance together,” Ghurair said. He noted that he was confident that Mozambique had the potential to pick itself up, thanks to the mineral resources it possesses despite its current economic problems.

Tags: UAE eyes Mozambican investments

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