A $780-million mega project for Zanzibar
- Nov 15, 2021
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- News and Events
A new day is dawning for the people of Zanzibar with the construction of multimillion-dollar projects are underway.
The projects which are set to stimulate the economy and create vibrant, equitable and sustainable communities in the country with 1.6 million people are expected to create 7,000 new jobs.
Sharif Ali Sharif, Executive Director of Zanzibar Investment Promotion Authority (ZIPA), confirmed that 97 projects worth $780million have been registered over the past year from November 2020.
"Over 7,000 jobs will be created in the duration of the project," he told the President of Zanzibar, Dr. Hussein Ali Mwinyi, at the Amani Industrial Park, recently.
He said ZIPA is excited about the project and will deliver the best value to the people of Zanzibar.
Sharif explained that the project would improve the lives of thousands of people and such a massive project would open up investment opportunities to the Isles.
Speaking at the event, Dr.Mwinyi, instructed the relevant authorities to process the construction for large-scale industries park.
The President said the government's plan is to strengthen investment in the industrial sector which will produce a wide range of equipment including water and electricity equipment as in mainland Tanzania.
“I want water pipes and electrical equipment to be produced in Zanzibar instead of importing,” he insisted.
Dr. Mwinyi said for a long time Zanzibar imported goods while the level of exports was still low.
He promised investors that the government will strengthen the investment climate to ensure citizens and investors benefit from the existing opportunities.
CONSTRUCTION OF MEGA PROJECTS
Zanzibar has witnessed major economic reforms within 360 days since Dr. Mwinyi, comes to power.
The construction of two fishing and cargo port at Mpigaduri, Mangapwani and Mkoani in Pemba has taken shape.
At Mangapwani the project will involve the construction of berths for liquid bulk goods, containers, fishing vessels, natural gas offshore services and backup infrastructure for the rehabilitation of marine vessels.
“This is a great opportunity for us, the project is going to create direct and indirect jobs, we must therefore stay tuned to grab them,” said the Principal Secretary, Ministry of Blue Economy and Fishing, Dr. Suleiman Aboud Jumbe.
He said the modern ports will provide the necessary facilities and infrastructure to support the deep-sea fishing industry and marine catch downstream industries.
Commenting on the projects, the people said they would bring significant changes in the fisheries and energy sectors.
Source: Zanzibar Mail