Mozambique is striving for economic diversification by investing more in other fields in addition to natural gas exploitation, such as agriculture, tourism and new energy, said President Daniel Chapo in an interview with China Media Group (CMG) in Maputo on Monday.
Chapo talked about Mozambique's visions for future development, saying that the country aims to leverage its rich natural resources to bring tangible benefits to the people.
"As I said, Mozambique is rich in resources, and meanwhile, we should let all Mozambicans enjoy tangible benefits from the gifts bestowed upon us by heaven. Currently, our economy is highly reliant on the extractive industry, particularly natural gas exploitation. Our vision is to strive for economic diversification, rather than developing economy fully relying on natural gas. The natural resource will run out in 25, or 30, or 40, or 50 years," he said.
"We must attach importance to agriculture and invest in tourism. Meanwhile, we are also considering investing in other energy projects, including hydropower, wind power and solar power. This is our development vision for the coming years," said the president.
Mozambique strives for economic diversification: president
