Mota-Engil Africa starts operation in Zimbabwe and ensure new contracts totaling more than 600 million dollars

Mota-Engil signed with Hwange Collery, for a 5 year period, a contract worth 260 million dollars (191 million euros) to execute construction and support works to the coal extraction in this concession situated in the province of Matabeleland North, in Zimbabwe.

The Mota-Engil Group until now kept a prospecting activity in Zimbabwe, as in other neighboring countries. Signing its first contract in this market, and after expanding its activity towards Zambia and Ghana in 2013, Mota-Engil Africa shows it does not want to stop here, asserting in a solid and progressive way its position of leadership in the region.

In Angola, the Group was awarded new projects totaling 102 million dollars (75 million euros) among several projects relating to the construction of infrastructures in the Special Economic Zone Luanda-Bengo and of civil construction in the financial district in Talatona.

In Mozambique, Mota-Engil continues expanding its activity in the construction area, been awarded several new contracts worth 256 million dollars (188 million euros) for rehabilitation of railway lines, construction of roads and residential, commerce and service buildings.

Concerning the contracts announced, the CEO of the Group, Gonçalo Moura Martins, highlights that these “are the result of a strategy implemented in due course and to which we endowed the organization with the resources and necessary competences to meet each new challenge, with the award of projects with a significant dimension resulting of the increasing acknowledgment of clients with multinational dimension in the technical and execution capacity of the Mota-Engil Group in these markets, enabling us to grow according with the strategic goals established”.

The CEO also adds that the contracts announced in Africa, totaling 618 million dollars, the equivalent to 454 million euros “demonstrate the potential for development and creation of value of Mota-Engil Africa, a company that soon will become a listed company, enabling a wide range of investors to support and directly benefit of the company’s growing development dynamic, aligned with the economic growth of the countries where it operates”.