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Mozambique,Portugal : WIN RESOURCES from PORTUGAL eyes agro-potential of MOZAMBIQUE to grow further.

The Chairman of Portugal-based Win Resources - Davide Freitas has announced that the company has strategy to make diversified investments in Mozambique, with emphasis on grain cultivation in the Chokwe district of Gaza province.

The Portuguese company s boss has further said that their preliminary investment strategy is worth EUR 1 million and added that they are interested to spend the funds to handle 100 hectares of land in the first year of operations, with plans to boost it to 1,000 hectares within 2018.

Freitas has revealed that Win Resources will start the venture in July jointly with the Mozambican entities, and is currently at the stage of studying the water supply and soil fertilization.

Over and above the aforesaid projects, the Chairman has disclosed that the company has charted strategy to accomplish an agro-industrial processing project in the Namcha district of Maputo province via EUR 1 million investments to make soy-based products. This plan of the company also includes a joint venture for a rural tourism project in Nampula province in Mozambique.

Freitas has revealed that Win Resources investments in Mozambique form a component of the expansion strategy of the company, with consideration on the country s momentous prospects for agro-based business.

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Publication:Mena Report
Date:May 23, 2013
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