Maputo, Mozambique, 1 Sept – Investments in the Beluluane Industrial Park have been increasing and the duty free area is establishing itself as an economic development hub in Mozambique, said the director general of the Office for Economic Areas with Accelerated Development (Gazeda).
Speaking to Mozambican newspaper Notícias, Danilo Nalá said that Gazeda had been working with the Tributary Authority, the Bank of Mozambique and the Labour Ministry to perfect the legal framework that rules this and other industrial parks, “in order to continually improve them.”
There are currently 35 investments operating at Beluluane Industrial Park, four more than last year, and Nalá told the newspaper that, “although the investments are growing, they are still not doing so at the desired rate.”
“What we want is to fill the 730 hectares available with companies, but that hasn’t happened and so far we have just 26 hectares with infrastructure installed,” said the director general of Gazeda.
Most of the investments in the industrial park aim to serve the Mozal aluminium foundry, which thus does not need to import some of the equipment necessary for it to operate, and Nalá said that autonomous projects were also starting to be set up, such as a factory for tubing for oil and gas pipeline, focused on exports.
The Mozambican government offers significant customs tax breaks for companies that set themselves up in duty free areas. (macauhub)