Mozambique's Ministry of the Sea on Tuesday signed a partnership with a United Arab Emirates company, Blue Forest, which aims to plant mangroves that will serve as carbon credits, they announced in a statement.

The promoters expect the project to last 30 years and generate credits equivalent to "approximately 200,000 tons of CO2 emissions per year."

Revenues from the sale of carbon offsets "will be shared among local and national stakeholders in accordance with the guidelines of the National Fund for Sustainable Development (NSDF)," they added.

Reforestation is planned for 185,000 hectares in the provinces of Sofala and Zambezia, in the center of the country, and will be managed and verified through satellite images and computer processing.

"We are delighted with our partnership with Blue Forest and the introduction of innovative technology in the way we map and restore our mangrove forests, vital for generations to come," noted Xavier Munjovo, permanent secretary of the Ministry of the Sea.

Vahid Fotuhi, founder and CEO of Blue Forest considered Mozambique to be a "strategic country when it comes to mangrove forests."

"Tens of thousands of people and endless marine life will benefit from this project, we couldn't be happier," he concluded.