Tanzanian President Invites Turkish Business People to Invest in Country

Tanzanian President Samia Suluhu Hassan and Minister of Industry and Trade Ashatu K. Kijaji stated that they want to develop relations with Turkiye and invited Turkish business people to invest in their country.

Making the opening speech of the Turkiye-Tanzania Business Forum organized by the Foreign Economic Relations Board (DEIK) in Istanbul, Tanzanian President Hassan drew attention to the importance of developing the relations between the two countries.

Hassan invited Turkish business people to invest in Tanzania and said, “I am very happy to be in Turkiye and I would like to thank DEIK for hosting this important forum.”

Stating that they aimed to reveal the trade potential of the two countries with the visit, Hassan pointed out the investment opportunities in Tanzania and that his country is an ideal investment center.

Hassan said, “Tanzania opens the door to 500 million people for southern and eastern Africa. Therefore, investing in Tanzania means reaching other regions as well.”

Sharing the information that they have invested in the railway, Hassan stated that they plan to create a network from the Indian Ocean to the Democratic Republic of the Congo (DRC).

Hassan stated that his country is rich in natural resources and has fertile lands for agriculture.

Stating that Tanzania is a suitable market for investment with its population of approximately 65 million under the age of 30, Hassan said, “There is political stability and we are heading towards economic prosperity. The Tanzanian government also offers many incentives for investment.”

Drawing attention to Tanzania’s natural and cultural resources, Hassan shared the information that his country has an important position in the tourism sector and that they aim to increase the number of tourists.

Hassan invited Turkish business people to the job fair planned to be held in Dar es Salaam in June and said, “May God protect Turkiye and Tanzania.”

Aiming to increase the trade volume to $1 billion

Stating that mutual visits were made between the two countries to increase commercial cooperation and connections, Tanzania Minister of Industry and Trade Kijaji said that the annual trade volume of around $380 million is not enough and should be increased.

Kijaji said, “Turkiye and Tanzania have historically established a strong partnership. We should further develop economic cooperation between the two countries and this business forum was an important step.”

Underlining that they have made important reforms as Tanzania, Kijaji said, “We aim to reach a trade volume of at least $1 billion between the two countries, and this is an achievable target. For this, we especially want to experience Turkiye’s experience in the textile field in Tanzania.”

Kijaji invited investors from Turkiye to his country and emphasized that the Tanzanian Ministry of Commerce is ready for all kinds of support.

Tanzania Private Sector Foundation (TPSF) Board Member Theolbald Sabi said, “We believe that the relations between the two countries will be further strengthened thanks to this forum. With the steps taken in recent years, Tanzania has begun to become an economic investment center.”

Emphasizing that the trade volume between the two countries should be increased, Sabi called on Turkish business people to invest in his country.

Sabi stated that agreements were signed between Turkiye and Tanzania in different fields, especially tourism, and that they wanted to develop bilateral relations.

Within the scope of Tanzanian President Hassan’s official visit to Turkiye, 6 agreements were signed between the two countries in the fields of education, technology and investment.

This visit to Turkiye at the presidential level for the first time after 14 years from Tanzania aims to improve the relations between the two countries.

Source: AA / Prepared by Irem Yildiz

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