Turkish investors fulfill production promises;

nngu007 · 2011-03-11T00:19:18+00:00

Tanzania has started benefiting from Turkish investors, who are fulfilling their promise to invest, produce products in the country for export to Turkey and other countries. The investors have already invested USD7 million in aluminum processing and USD20 million in the mining sector in Mpanda District, Rukwa Region. This was revealed in Dar es Salaam yesterday by the Turkish Ambassador to Tanzania Sander Gurbuz, when briefing journalists on the upcoming Turkish-Tanzania Trade and Investment Forum starting tomorrow. The envoy said the investors had expressed interest in investing in the country after observing that there was a lot that Turkey and Tanzania could do together to strengthen business and economic links. We want to learn from each other and help Tanzania to benefit from what we in Turkey have been doing, he said. He said the focus was to have long term-trade by investing in Tanzania, strengthening the friendly relations between the two countries, creating job opportunities for Tanzanians and transferring Turkish expertise to Tanzanians because we want all of us to win. Although some Turkish investors have invested in the education and mining sectors in various parts of the country, there is still a lot of potential in investment between Tanzania and Turkey. Elaborating on those who had already invested in Tanzania, he said there were investors in the mining sector in Mpanda, whose project had cost US$20 million so far. Another project is implemented in Dar es Salaam, where the Turkish investors have spent US$7 million to process aluminum and other raw materials used to make aluminium windows. The project was employing 250 Tanzanians. He further said his country was number two in the construction sector worldwide as well as in the textile sector and number seven in the tourism sector. He said the Turkish-Tanzania Trade and Investment Forum would bring together at least 450 businesspeople from the two countries. Among them 300 are from Tanzania, while the remaining 150 are from Turkey. He further said the Turkish State Minister for Foreign Trade Zafer Caglayan would arrive in Dar es Salaam today, accompanied by Turkish Parliamentarians, high level bureaucrats, members of Turkish media and 120 Turkish businesspeople. The forum, among other things, will discuss education, mining, agriculture, tourism, construction, health care, textile and apparel, household items, machinery, packaging and plastics. Others are water treatment, IT systems, electrical and electronics products, chemicals, construction services, agro-processing business, as well as foodstuffs, automotives and spare parts and medical equipment. During the on-going event, there would be one-on-one discussion between Tanzanian businesspeople and their counterparts including a meeting with some ministers. The forum will be inaugurated by Minister for Industry, Trade and Marketing Dr Cyril Chami and Turkish State Minister for Foreign Trade Zafer Caglayan. The TIC Acting Executive Director Beatrice Chonjo called on Tanzanian businesspeople to participate fully in the forum so that they could benefit from the exchange. We know Turkey is advanced on many fronts. You can use the opportunity to discuss many issues, enter into joint ventures and sign a memorandum of understanding in terms of technology transfer or other issues, said Chonjo. SOURCE: THE GUARDIAN

Thread starter nngu007
Start date Mar 11, 2011

nngu007

JF-Expert Member

Mar 11, 2011

Saint Ivuga

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