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
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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

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