Mozambique’s Minister of Economy, Basílio Muhate, met with Turkey’s Minister of Trade, Ömer Bolat, in Istanbul to discuss deepening bilateral economic relations and identifying new investment opportunities.

The meeting took place on the sidelines of the 42nd session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organisation of Islamic Cooperation (OIC), with investment facilitation and the strengthening of trade partnerships topping the agenda.

According to a note published by Club of Mozambique, the two sides examined cooperation prospects across tourism, logistics, energy, construction, and public works.

The push to deepen cooperation aims to stimulate productive investment, expand business opportunities for domestic companies, and contribute to job creation in Mozambique.

Economic relations between Mozambique and Turkey have been gaining momentum, with trade, investment, energy, agriculture, and infrastructure among the key areas of engagement. The opening of the Turkish embassy in Maputo in 2011 helped consolidate the country’s diplomatic and economic presence in Mozambique.

Bilateral trade volumes rose from US$115 million in 2016 to approximately US$153.75 million in 2024. Over that period, Turkish exports to Mozambique reached US$97.94 million, while imports from the Mozambican market totalled US$55.81 million, comprising mainly mineral fuels, coal, tobacco, and agricultural products.

On the investment front, both countries identify potential in energy, agro-industry, manufacturing, aquaculture, livestock, construction, and logistics. The Nacala, Beira, and Maputo corridors, as well as the country’s ports and energy assets — including natural gas, hydropower, and renewables — have been flagged as areas of interest for future partnerships.

Turkey is positioning itself as a trade partner and prospective investor, while Mozambique seeks to attract capital and technical expertise to boost domestic production and develop its infrastructure base.