Hossam Heiba, President of the General Authority for Investment and Free Zones (GAFI), witnessed the “African Investments – Egyptian Industries in Tanzania” forum held in November 2023, under the auspices of GAFI. During this prominent event, Elsewedy Industrial Development (SD), a subsidiary of ELSEWEDY ELECTRIC, introduced its new industrial city in Tanzania. Gilead Teri, the Executive Director of Tanzania Investment Centre, and Yahya Al-Wathiq Billah, the Head of the Egyptian Commercial Service, were also present at the forum. They were joined by the President and CEO of ELSEWEDY ELECTRIC, Eng. Ahmed Elsewedy, the CEO of Elsewedy Industrial Development, Mohamed AlKammah, the East Africa Managing Director of ELSEWEDY ELECTRIC, Ibrahim Qamar, and 100 notable Egyptian industrialists.
With an unwavering commitment to strengthening investment in Tanzania, Elsewedy Industrial Development has welcomed an eminent group of businessmen and investors for a productive meeting with Tanzanian counterparts and senior government officials. The discussion focused on the local business landscape, promising investment opportunities and attractive incentives for foreign investors. This gathering aimed to foster potential collaborations and mutually advantageous ventures in various sectors including engineering, food and beverages, pharmaceuticals, and construction. Additionally, the participants explored the significant role played by SD to bolster investments in Tanzania.
Heiba highlighted the significance of hosting the "African Investments – Egyptian Industries in Tanzania" forum as evidence of the ongoing development of Egyptian-Tanzanian relations across political, economic, and cultural spheres in recent years. He pointed out that there are numerous opportunities for future collaboration to promote growth and leverage the respective competitive advantages of both nations, notably their strategic geographical positioning and improved investment environment.
On the other hand, Teri underscored the boundless investment opportunities in Tanzania. He discussed the incentives provided to international investors and the efficient single-window system designed to cater to their needs. Additionally, he mentioned that Tanzania boasts abundant natural resources and a large market with 60 million consumers.
AlKammah expressed his great pleasure to participate in this gathering that united 100 distinguished leaders from the Egyptian industry. He eagerly anticipates collaborating in diverse fields and leveraging Egypt's industrial strengths for the mutual benefit of both nations. After AlKammah stated how he is looking forward to reinforcing trade and Egyptian investments in Tanzania, Ibrahim Qamar discussed the company's substantial investment contributions there. He emphasized several noteworthy projects such as the Julius Nyerere Hydropower Project, which stands as the largest hydroelectric power station in Tanzania. It is worth mentioning that during COP28, Elsewedy Industrial Development achieved a significant milestone by officially receiving Elsewedy Industrial City (EIC) Incentive Certificate. Presented by H.E. the Tanzanian Minister Abdallah Ulega, the certificate was accepted by Eng. AlKammah, in the presence of Daoudi Riganda, TIC Head of Promotion, and Qamar.
As the first fully integrated industrial hub in East Africa, EIC emerges as a growth epicenter for Tanzania and the entire continent. Offering world-class facilities and efficient planning, EIC aims to attract $400 million in investments, utilizing a utilities capacity of 30-70 MW. The targeted sectors include Building Materials, Engineering, Food and Beverages, and Pharmaceuticals.
This endeavor reflects the shared vision between Egypt and Tanzania, emphasizing a commitment to expanding cooperation. Beyond land acquisition and development, collaboration involves facilitating land transfer to other investors within the industrial city, fostering economic development for mutual prosperity.
Elsewedy Industrial City (EIC) in Tanzania, spanning an impressive area of 2.6 million square meters, is designed to accommodate strategically important industries. Additionally, the city will feature residential areas for workers and a range of amenities. Situated in the Kibaha District of Tanzania, the city enjoys a favorable location just 15 km away from the Kwala Dry Port, which is home to the Ruvu station of the Standard Gauge Railway (SGR). This railway system stretches across about 2,000 kilometers, connecting Dar es Salaam to the Industrial City and greatly reducing travel time between the two locations to 45 minutes.