DAR ES SALAAM, Tanzania
Tanzanian Prime Minister, Kassim Majaliwa, said on Monday that the country has opened its doors wide to more Chinese investors to support the East African nation's industrialization drive.
"Tanzania is ready to do
business with you; our doors are wide open," Majaliwa assured the Chinese
investors as he closed a one-day China Tanzania Investment Forum Zhejiang
(Jinhua) -Tanzania Trade and Investment Conference held on Monday in the port
city of Dar es Salaam.
He added that Tanzania has a
conducive business environment, politically sound economic policies,
macroeconomic stability, abundant natural resources, a relatively educated
labor force, and a sizeable market because of the country's unique geographical
location.
The forum attracted more than
100 economic and trade representatives led by the China Council for the
Promotion of International Trade (CCPIT) Zhejiang Provincial Committee and the
Jinhua Municipal People's Government in east China's Zhejiang Province.
Kitila Mkumbo, minister of
state in the President's Office responsible for planning and investment, urged
local investors to team up with their Chinese counterparts to create a strong
and robust industrial base in Tanzania.
Mkumbo said Tanzania's
industrialization agenda could be realized by inviting and attracting
large-scale investors from across the globe, especially China.
Chen Mingjian, Chinese
ambassador to Tanzania, said Tanzania, as one of the fastest-growing economies
in Africa, has made attracting investment and foreign capital a crucial
economic policy goal.
Chen said Chinese companies
view Tanzania as a place for mutual development and growth, adding that many
Chinese companies have established Tanzania as an essential production base,
exporting products to various African countries, and creating over 150,000 jobs
in Tanzania.
The Chinese delegation came
with areas of interest in investment, including pharmaceuticals, food
production, agricultural machinery, agricultural products, logistics, building
machinery and materials, aluminum and copper raw materials, hardware tools,
mining machinery, machinery products, and industrial and domestic boilers.
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