STORY: Mozambican president calls for more investment in natural resource industries
DATELINE: Aug. 31, 2023
LENGTH: 00:01:35
LOCATION: Maputo
CATEGORY: ECONOMY

SHOTLIST:
1. various of the fair
2. SOUNDBITE 1 (Portuguese): FILIPE NYUSI, Mozambican President
3. SOUNDBITE 2 (Chinese): XIA CHUANYI, Dingsheng Minerais
4. SOUNDBITE 3 (Portuguese): ISSUFO ALI, Operational administrator of Dugongo Mocambique

STORYLINE:

President of Mozambique Filipe Nyusi has encouraged foreign investors to plow money into the country's natural resource industries.
   
President Nyusi made the remarks in his address Monday at the inauguration of the 58th Maputo International Fair, the country's most prominent trade exhibition that will end Sunday in Ricatla, Maputo province.

SOUNDBITE 1 (Portuguese): FILIPE NYUSI, Mozambican President
"We will simplify procedures, shorten exchange times between companies, reduce property costs and improve the quality of land administration, that is: more credibility, transparency, coverage and dispute resolution."

He emphasized the pivotal role of industrialization and economic diversification in extracting value from the nation's abundant natural resources.
   
Nyusi also encouraged domestic entrepreneurs to capitalize on opportunities for exporting raw materials, including coal, graphite, metals and precious stones.

SOUNDBITE 2 (Chinese): XIA CHUANYI, Dingsheng Minerals
"This is the first time for our company to participate in the exhibition. One is to learn more about our peers, and the other is to seek more business opportunities and promote our company's products to the world." 
SOUNDBITE 3 (Portuguese): ISSUFO ALI, Operational administrator of Dugongo Mocambique
"The objective of participating in this 58th edition of the FACIM 2023 Fair is to show our potential and also to launch our new product."

The fair, themed "Industrialization, Innovation, and Economic Diversification of the National Economy," has 2,500 exhibitors, comprising 2,050 domestic participants and 400 international delegates representing 24 countries.

Xinhua News Agency correspondents reporting from Maputo.
(XHTV)