OMAN-based investors have shown interest in
investing in Tanzania’s sugar, honey, cassava and cereal crops
processing industries, according to Industry, Trade and Investment
minister Charles Mwijage.Minister for Industry, Trade and Investment, Mr Charles Mwijage
The
minister disclosed this in Dar es Salaam on Friday when speaking at the
Tanzania-Oman Investors’ Forum involving investors from the two
countries. Mwijage said the investors would boost employment
opportunities and spur the country’s economic growth.
He said the investors plan to build a plant to produce 300,000 tonnes of sugar per annum, meaning there would be surplus sugar production which would lower the price of the product.
According to him, they convened a meeting to help business people in the two countries to exchange ideas while also looking into possible investment areas.
The Oman investors had also shown interest in investing in power generation as well as cement production.
The minister advised farmers in the country to use the opportunity of such investors to increase their production and boost their income.
Vice-President Samia Suluhu Hassan said the government welcomed Oman investors, noting that their investments would not only spur development but also ensure that the country attained middle income status.
“The government will support all positive ideas of improving the industry to benefit its people, while ensuring that investors are supported,” he said.
President of the Tanzania Chamber of Commerce, Industry and Agriculture Peter Chisawillo said businesspeople in the two countries will collaborate to open the Omani market for Tanzanian products.
He said industry and construction were the crucial sectors contributing highly to the growth of the country’s economy.“We want to welcome more investors to invest in industries so that we create enough job opportunities for youth” he said, adding that no countries will ever achieve economic advancement without an industrial revolution.
He said the investors plan to build a plant to produce 300,000 tonnes of sugar per annum, meaning there would be surplus sugar production which would lower the price of the product.
According to him, they convened a meeting to help business people in the two countries to exchange ideas while also looking into possible investment areas.
The Oman investors had also shown interest in investing in power generation as well as cement production.
The minister advised farmers in the country to use the opportunity of such investors to increase their production and boost their income.
Vice-President Samia Suluhu Hassan said the government welcomed Oman investors, noting that their investments would not only spur development but also ensure that the country attained middle income status.
“The government will support all positive ideas of improving the industry to benefit its people, while ensuring that investors are supported,” he said.
President of the Tanzania Chamber of Commerce, Industry and Agriculture Peter Chisawillo said businesspeople in the two countries will collaborate to open the Omani market for Tanzanian products.
He said industry and construction were the crucial sectors contributing highly to the growth of the country’s economy.“We want to welcome more investors to invest in industries so that we create enough job opportunities for youth” he said, adding that no countries will ever achieve economic advancement without an industrial revolution.
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