Real Estate Investor Magazine South Africa November 2015 | Page 63

workforces in which to house and provide a variety of accommodation, retail and commercial activities. The construction of the already visible works on road infrastructure and power lines show signs that the foundations are being laid, while the building of the proposed industrial infrastructure is most likely to start in 2017. “Palma is a shining example of what the positive effects of the natural gas discovery will have on towns such as these.” The town of Palma, and neighbouring Pemba, are seen as long-term strategies housing these large LNG facilities that over the next 25 years will stimulate www.reimag.co.za the economy tremendously. Most importantly Palma, once a forgotten town, will be placed at the forefront of not only the property sector but the country of Mozambique as a whole, as many infrastructure and construction projects will need to take place in order to build up the previously dusty roads to satisfy the population influx this area is set to experience. It is noted that much depends on government timelines in executing projects and an efficient legislative regime for the exportation of the natural gases, as this seems to have placed many real estate developers in a level of uncertainty on the future of the potentially rich areas. However, once in full effect, will see a ‘gold rush’ of developers and associated industries ready to stake their claim in the town of Palma. RESOURCES Property Maputo NOVEMBER 2015 SA Real Estate Investor 61