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Mozambique tourism gets investment boost
06 May 2008

The tourism industry in the southern African nation of Mozambique is set for a boost in profile after the International Finance Corporation and the country's government announced a new investment programme.

Mozambique's tourism sector is one of Africa's emerging industries and the $1bn (£506m) investment plan is set to strengthen the market by enabling the development of four new world-class tourist attractions.

The four strategic development sites are located along Mozambique's Indian Ocean coastline and are set to create 25,000 direct and indirect jobs.

Two of the locations will play host to major new resorts and the other two will accommodate smaller eco-tourism projects.

Fernando Sumbana Jr, Mozambique's minister of tourism, said: 'This project is a great opportunity for large-scale tourism investments in one of Africa's most beautiful and unique destinations.

'Mozambique's resource base for tourism is exceptionally strong, and now is the time to transform this potential into opportunities by securing quality investments.'

Developers are now being sought that have a track record for working in emerging markets and subscribe to sustainable operating policies.

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