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Large-Scale Italian Investment Expected in Mozambique

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Large-Scale Italian Investment Expected in Mozambique

(3 Minutes read)

At least four large Italian companies, with annual production valued at more than five billion dollars, have expressed a desire to cooperate with their Mozambican counterparts.

At least four large Italian companies, with annual production valued at more than five billion dollars, have expressed a desire to cooperate with their Mozambican counterparts. These are Fincantieri, specializes in the construction of large ships; Leonardo, a high-tech industrial group working in the areas of defense, aerospace, security, automation, transport, and energy; Saipem, an Italian multinational providing services linked to hydrocarbon exploration; and Maire Tecnimont, an engineering company linked to renewable energy. To this end, Maputo will host the Mozambique-Italy Business Forum on the 4th and 5th of June.

The information was shared by the Italian ambassador to Mozambique, Gianni Bardini, speaking to journalists in Maputo on Friday. He announced that at least 30 Italian companies operating in Mozambique have expressed interest, of which 20 have already confirmed their presence.

The president of the Mozambique-Italy Chamber of Commerce (CCMI), Simone Santi, said that the objective of the forum was to create partnerships as the basis for generating value between Italian and Mozambican companies. Thus, 30 Italian companies will have the opportunity to find sub-suppliers, partners, and local agents to be represented or to work with them. In October last year, a mission of around 40 Mozambican companies visited Italy with the main objective of creating partnerships. The event will bring together Italian shipbuilding majors, technological giants, oil and gas companies, power generation and renewable energy, food production, logistics, and infrastructure.

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The CCMI said it will welcome around 200 companies to the forum, inviting the national business community to participate and present themselves in the best way at the event. Companies will be selected from those registered via the Mozambique-Italy Chamber of Commerce portal or the Confindustria portal in Italy.