Africa-Press – Tanzania. SINO Tan Kibaha Industrial Park (Sino-Tan) has acquired a 2,500-acre land to develop 150 million US dollars industrial park at Kwala area in Kibaha, Coast Region.
The piece of land was handed over by Tanzania Investment Centre (TIC) over the weekend and the park will house some 200 industries which will create over 100,000 direct jobs in the next three years.
The factories at the 2,500-acre industrial zone include pharmaceutical, agro-food processing, shoes making, building materials, and textile and garments.
The Minister for Investment, Trade and Industry, Dr Ashatu Kijaji said the Chinese investor would use the 150 million US dollars fund for land acquisition, infrastructure development, construction of factories and other required equipment.
“We [the ministry] will ensure that the various services required through TIC’s one stop services are done on time like licence, permits and registration,” said Dr Kijaji.
On top of that most factories at the industrial park will source raw material locally for the export based products—to mainly boost the agricultural sector. The project once completed will need 250 megawatts of electricity which is almost 15 per cent of the current total generation at 1600MW.
“I challenge Tanesco to ensure that it supplies adequate and reliable electricity to facilitate the implementation of this important project,” Dr Kijaji said.
Sino Tan Executive Director, Jensen Huang has already signed eight Memorandums of Understanding (MoUs) with companies ready to invest at the park.
“We have two phases, and each phase is divided into seven industrial zones,” Mr Huang said.
The zones are Agro and Food Processing, Pharmaceutical and Chemical Processing, Shoes and Clothing Processing, Building Material Processing and Export Processing.
He named the companies as Linkall Electric Vehicle Factory, Shanghai Agricultural Demonstration Park Tanzania Ltd, Free Trade Zone and Logistics Company Ltd and Ea Glass Investment Ltd.
Others were Juxin Building Material Co Ltd, Lesso Concrete Co Ltd, Dashong Plywood Factory Ltd and King Lion Investment all from China.
“Our plan’s objective is to make a Tanzania Demonstration Park and special economic zones and an international regional economic population zone,” said Mr Huang.
He said further that the total cost of the project will be more than 3.0 billion US dollars with turnover of over 6.0 billion US dollars a year. “Upon the completion of the project they will create 100,000 direct jobs and indirect jobs of about 300,000 to 500, 000,” said Mr Huang.
The Coast Regional Commissioner, Mr Aboubakar Kunenge, said they are working to remove all nuisances that blocked investors to invest in the region.
The Coast Region is home to a big numbers of large, medium and small industries, where 87 out of 1,453 operate in the region.
Speaking at the event, the TIC Director of Investment Facilitation, Mr John Mnali, said the Sino-Tan project is projected to pull more investors based on the park objectives and structure.
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