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The Tanzanian government has invited Turkish investors to engage in key sectors such as infrastructure, energy, and agriculture. Minister of Finance Khamis Mussa Omar emphasized the importance of Turkish investment in projects like the Standard Gauge Railway and energy production, aiming to enhance Tanzania’s economic development and regional trade.
Africa-Press – Tanzania. THE Tanzanian government has invited Turkish investors to invest in strategic sectors including infrastructure, energy, and agriculture as part of efforts to accelerate economic development and strengthen diplomatic cooperation between the two countries.
The call was made by the Minister of Finance, Ambassador Khamis Mussa Omar, when he met with the Turkish Ambassador to the country, Dr Bekir Gezer, accompanied by a delegation from the Turkish EXIM Bank in Dar es Salaam.
He called on Turkey to participate in the construction of transport infrastructure, especially in the construction of Lot 3 and Lot 4 of the Standard Gauge Railway (SGR) sections, which the Turkish EXIM Bank has shown interest in financing, as they are important parts in connecting the railway network that is being built from Dar es Salaam to the interior of the country and neighboring countries, which will stimulate regional and international trade.
“The completion of the SGR project will enable Tanzania to become a hub for transport and trade in the East and Central African region, and will open up investment opportunities in the areas surrounding the railway and create a corridor for economic development,” said Ambassador Omar.
He added that in the energy sector, Tanzania has made great strides by increasing electricity production from 1,700 megawatts to over 4,000 megawatts in the past few years, following the completion of the Julius Nyerere Hydropower Project and the Government aims to increase that production to 8,000 megawatts by 2030, and eventually 15,000 megawatts and has called for more investment from Turkey including Exim Bank through a public-private partnership (PPP) model.
In terms of agriculture, Ambassador Omar explained that Tanzania has great opportunities due to its fertile land resources and water sources, and can learn from Turkey’s experience in transforming the sector from conventional to modern production using modern technologies and helping Tanzania achieve its goal of becoming a food bank in Africa.
For his part, the Turkish Ambassador to Tanzania, Dr Bekir Gezer said that Tanzania and Turkey are brotherly countries with long-standing relations built on the foundations of trust, friendship, solidarity, and mutual respect.
Dr Gezer, said that Tanzania is of great importance due to its political and economic stability as well as its abundance of natural resources, and its geographical location makes it an important hub for trade and transportation, a situation that attracts not only Turkey but also other countries in the world in terms of investment.
He added that through institutions such as the Turkish EXIM Bank and its companies, the country is ready to continue collaborating with Tanzania in development projects for mutual benefit.
Tanzania and Turkey have maintained strong diplomatic and economic ties for many years, with both countries benefiting from mutual cooperation. The Tanzanian government has been actively seeking foreign investments to bolster its economy, particularly in strategic sectors that promise growth and development. The recent invitation to Turkish investors reflects Tanzania’s commitment to enhancing its infrastructure and energy capabilities while fostering international partnerships that can lead to sustainable economic progress.
