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The Macao-based Geocapital investment company and Sogir and Mazacapital, two investment enterprises from Mozambique, signed an cooperation agreement on Friday.
Stanley Ho, board chairman of Geocapital, told the signing ceremony that under the Memorandum of Understanding clinched by the three sides, concerted effort is set out for the economic use of natural reserves in Mozambique, a Portuguese-spoken country in East Africa.
The cooperation among the three enterprises will cover sectors of hydro-electric and thermal energy, minerals, rail transport, real estate and tourism, said Ho, a casino tycoon as well.
China's Macao Special Administrative Region has long been playing the role as a platform for the economic cooperation between China and Portuguese-spoken nations and regions.
(Xinhua News Agency December 10, 2005)
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