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PRESIDENT SAMIA GIVES OMAN INVESTORS SIX GOOD REASONS WHY THEY SHOULD CHOOSE TANZANIA

President Samia Suluhu Hassan today gave business leaders in Oman six reasons why they should invest in Tanzania, saying the country offers unrivalled investment opportunities.

Addressing the Oman-Tanzania Business Forum in Muscat, the President said her administration was implementing a raft of measures aimed at making Tanzania the preferred destination for foreign direct investment (FDI) inflows.

President Samia cited historic blood ties, peace, stability, good governance and a conducive environment, stable macroeconomic and fiscal policies, market access to the African continent, the presence of a semi-skilled labour force as well as smooth and quick facilitation of investments as key reasons for Oman investors to come to Tanzania.

“The Sultanate of Oman is a very special country toTanzania. There is no other country on this planet with as many of its citizens who have blood relations with the people of Tanzania,” she said.

President Samia noted that the flow of two-way trade and investment between Tanzania and Oman has steadily increased over the past five years, but more should be done to improve the trade imbalance.

The President said investment flows were in favour of Tanzania, with the country registering 62 investment projects from Oman up to April 2022, with a total value of USD 308.35 million and creating 2,489 jobs.

The Oman investments in Tanzania are in the sectors of agriculture, real estate, construction, mining, human resource, tourism, manufacturing, services, transportation, telecommunication and infrastructure development.

President Samia is in Oman at the invitation of the Sultan of Oman, Haitham bin Tariq Al-Said.

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