United Arab Emirates identifies areas of cooperation, opens Embassy in Mozambique

Abdel Nahyan_mozambique

(2015-06-11) Mozambique’s foreign Affairs Minister Oldemiro Baloi said his country and the United Arab Emirates, UAE, have expressed an interest to cooperate in areas of tourism and health in addition to agriculture and food security, education, hydrocarbons, transport and communications, sectors that both countries have already exchanging experiences, APA can report on Wednesday.

These areas require additional preparation and involvement of experts team to undertake more detailed analysis and that the realization of this meeting is a clear sign that there are concerns that the relations are increasingly strong in both countries”, Baloi said after meeting his UAE counterpart, Abdel Nahyan in Maputo on Wednesday.

During the talks, we tried to identify new areas such as tourism, health, among others and I thanked the Minister because the UAE have decided to open an Embassy in Mozambique later this year and the process is already underway,” he said.

Mozambique, a former Portuguese colony is prominent among East Africa’s new hydrocarbon frontier markets, with giant gas finds off its coast fuelling an exploration boom.

Italy’s Eni, whose giant discovery in Mozambique’s Rovuma basin is the group’s biggest resource with an estimated 80 trillion cubic feet, tcf of gas, and U.S. company Anadarko Petroleum are among major operators active offshore while South Africa’s Sasol is operating inland, where the Pande-Temane fields also hold multiple trillion cubic feet of recoverable gas.

The Arab diplomat stressed that the areas of cooperation to be introduced require prior evaluation to begin its implementation, so that the meeting was aimed at seeking ways to be incorporated in the agreements.

The economic growth that Mozambique registers, that is in the order of 7.8 percent per year, spells a fact that creates high expectations for investment, Nahyan said.

In two previous years, was among the top ten investors in Mozambique having ploughed $309.14 million.

Source: APA / Star Africa

Photo: Notícias / The UAE Minister of Foreign Affairs, Abdel Nahyan, sitting with his Mozambican counterpart, Oldemiro Balói, yesterday in Maputo

(2015-06-11) Mozambique’s foreign Affairs Minister Oldemiro Baloi said his country and the United Arab Emirates, UAE, have expressed an interest to cooperate in areas of tourism and health in addition to agriculture and food security, education, hydrocarbons, transport and communications, sectors that both countries have already exchanging experiences, APA can report on Wednesday.

These areas require additional preparation and involvement of experts team to undertake more detailed analysis and that the realization of this meeting is a clear sign that there are concerns that the relations are increasingly strong in both countries”, Baloi said after meeting his UAE counterpart, Abdel Nahyan in Maputo on Wednesday.

During the talks, we tried to identify new areas such as tourism, health, among others and I thanked the Minister because the UAE have decided to open an Embassy in Mozambique later this year and the process is already underway,” he said.

Mozambique, a former Portuguese colony is prominent among East Africa’s new hydrocarbon frontier markets, with giant gas finds off its coast fuelling an exploration boom.

Italy’s Eni, whose giant discovery in Mozambique’s Rovuma basin is the group’s biggest resource with an estimated 80 trillion cubic feet, tcf of gas, and U.S. company Anadarko Petroleum are among major operators active offshore while South Africa’s Sasol is operating inland, where the Pande-Temane fields also hold multiple trillion cubic feet of recoverable gas.

The Arab diplomat stressed that the areas of cooperation to be introduced require prior evaluation to begin its implementation, so that the meeting was aimed at seeking ways to be incorporated in the agreements.

The economic growth that Mozambique registers, that is in the order of 7.8 percent per year, spells a fact that creates high expectations for investment, Nahyan said.

In two previous years, was among the top ten investors in Mozambique having ploughed $309.14 million.

Source: APA / Star Africa

Photo: Notícias / The UAE Minister of Foreign Affairs, Abdel Nahyan, sitting with his Mozambican counterpart, Oldemiro Balói, yesterday in Maputo

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