Facilitating Large Scale Tourism Resorts in Mozambique
This study describes how the World Bank Group’s Investment Climate Services Investment Generation Approach was used to foster the development of large resorts in Mozambique. The approach combines efforts to facilitate investment and improve institutional structures and regulations.
Over a four-year period the Mozambique Tourism Anchor Investment Program prepared and marketed two large resort sites and supported the development of an improved regulatory framework for resort tourism and mechanisms for the government to allocate land for tourism development. These interventions made provisions for employment generation, social infrastructure, and the creation of local supply chains.
Unfortunately, realization of the investments was curtailed in early 2009 due to the global economic crisis. However, in late 2011 renewed interests arose in the resort sites and the government of Mozambique, through the ministry of planning and development, signed in January 2012 a $1 billion investment agreement with an international developer for one of the anchor sites.