A private group is planning to invest $150 million USD in a luxury tourist resort featuring a marina in Vilanculos, Inhambane province, southern Mozambique. The Pérola de Moçambique project is expected to create 600 direct jobs for local residents and boost the region’s tourism offerings.
According to Lusa, the investment follows a memorandum of understanding signed between The Firm of Strategic Investments group and the Mozambique Investment and Export Promotion Agency, formalised during an international tourism conference in Inhambane on 3 and 4 November.
Government spokesman Inocêncio Impissa confirmed the project, describing it as “an integrated tourist resort that includes a marina, a world-class ecological reserve.” Impissa also mentioned that investments totalling $252 million were announced for the province over the next five years.
In a related initiative, South African company Singita plans to invest $102 million in a luxury tourism project on Santa Carolina Island, also in Inhambane. The proposal includes a 60-bed resort and additional ecological projects within the Bazaruto Archipelago National Park.
