Mozambique’s tourism industry earned about 741 million U.S. dollars in revenues in 2010, up from 616 million US dollars in the previous year, according to National Director of Tourism, Martinho Muatxiwa. Tourism investment in the country has seen a remarkable increase in recent years, with the same trend in the number of international visitors, which is attributed to initiatives carried out by the Mozambican authorities. Cited by the daily paper “Noticias”, Muatxiwa explained that Mozambique boasts a positive image which is a magnet for foreign investors and tourists. “There is huge potential to further increase tourism revenues because the volume of investments is continuously growing”, he said.The choice of Mozambique as a prime destination for tourism investments is partly due to incentives granted by Mozambican authorities provided in the country’s Tourism Law and Code of Fiscal Benefits, which include a number of facilities to investors, regardless of their origin.“The Ministry of Tourism can accommodate all types of investors provided that projects are designed taking into account country’s legislation. Also, foreigners are allowed to invest in the country without having to team up with Mozambican nationals. However, priority should be given to local residents in terms of job opportunities”, explained Muatxiwa.According to official figures, there are 10.779 rooms and 37,550 beds across the country, with the tourism sector employing about 40,000 workers.
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