Madeira might invest

2015-12-16 06:00
THUMBS UP: Miguel Albuquerque (left), president of Madeira in Portugal, with Free State premier, Ace Magashule.  Photo: Mlungisi Louw

THUMBS UP: Miguel Albuquerque (left), president of Madeira in Portugal, with Free State premier, Ace Magashule. Photo: Mlungisi Louw

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ACE MAGASHULE, the Free State premier, hopes the Madeira government will invest in the tourism sector of the province.

Magashule highlighted the province’s interest in roping in the island into partnering with the province on the economic zone which has received a R200 million cash injection from the Free State Development Cooperation (FDC).

Magashule was addressing Pres. Miguel Albuquerque of the autonomous regional government of Portugal and his delegation at the Emoya Estate in Bloemfontein on Tuesday, 8 December.

The premier applauded Madeira for its booming tourism sector and said that the provincial government would take a delegation of businessmen and Tourism students from the province to Madeira next year.

According to Magashule, Madeira has managed to entice more than seven million tourists to its island, despite flagging a 300 000 population.

“Next year we want to take our Tourism and Information Technology students to the Tourism Academy in Madeira during their flower festival,” said Magashule.

“The provincial tourism sector can learn a lot from the Madeira government and consequently create employment,” Magashule added.

Albuquerque told reporters he had already signed a memorandum of understanding with Magashule and underlined investment possibilities between the two governments.

“We hope to create partnerships with South Africa, particularly in the tourism sector,” Albuquerque said.

Apart from forging business relations with the Free State, Albuquerque is also visiting Portuguese communities in the province.

  • Ozzy Osman, FDC chief executive officer, encouraged the Madeira delegation to invest in amongst others the mining and pharmaceutical sector. The title president in Portugal is equivalent to premier in South Africa.

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