A group of Chinese businessmen gathered in the Jiangsu Huaxi Group will invest 374 million meticals ($ 6.2 million) in a grape-growing agricultural project in the central province of Manica, said the consortium president after the group was received in audience by the provincial governor.
Wu Xie’en, quoted by the Mozambican newspaper Maputo, also said that the meeting with Governor Alberto Mondlane aimed at presenting the project and requesting an area of land for the implementation of the project, which in the first phase will require two thousand hectares.
He said that the province of Manica has excellent conditions for the development of citrus, hence the consortium’s investment in that province and added that this project is designed for three years, period after which will be made to see if it is worth continue or not with the production of grapefruit in the province of Manica.
The president of the consortium said that production would be preferentially exported to Europe and to China, and contacts had already been made, which shows that, if the project is viable, the product has a guaranteed market.
In addition to grapefruit production, the Chinese consortium plans to explore new areas and investment opportunities in the agrarian and mining sector, with Wu Xie’en saying that grapefruit production is just the kick-off for Chinese entrepreneurs’ province of Manica.