China will help Mozambique establish an industrial park as an effort to increase job opportunities in the southern African country, according to Chinese Ambassador Su Jian.
Ambassador Su told Mozambican Prime Minister Carlos Agostinho do Rosario on Wednesday in Maputo that China is willing to continue supporting the country in different domains including increasing job opportunities through the establishment of an industrial park. The ambassador added the Chinese government would send a group of specialists to Mozambique next year to help establish the industrial park.
“Mozambican government has already identified a number of potential locations. With that defined, potential Chinese and Mozambican companies can be invited to the initial phase of the project,” said the ambassador.
China is one of the major foreign investors in Mozambique and has been implementing a number of moves that tend to help Mozambique overcome the challenges it is going through in the economic domain. Those moves include debt relief and loans with low or no interests as part of the Chinese and Mozambique strategy to strengthen cooperation.
China has become an increasingly important player in Mozambique’s construction industry; Chinese contractors now carry out over one-third of Mozambique’s new road construction. In the first 10 months of 2012, the value of trade was US$1.1 billion, with Mozambique being the 23rd largest trading partner of China.