Tanzania: Government Offers Free Land to Investors

Nov 04, 2018

The government will provide free land to investors who would be interested in establishing industries involved in making building and construction materials, a cabinet minister has revealed.

Opening the 21st Buldexpo yesterday, the minister for Lands, Housing and Human Settlements Development, Mr Wlliam Lukuvi, told the business community that the offer will last until December, aiming at attracting more investors in the building and construction sector and reducing imports.

Buldexpo is Africa's building and construction tradeshow whose 21st edition is currently going on in the country for three days. It comprises more than 200 manufacturers and exporters from around the world, covering a variety of sectors in construction, ranging from building and construction materials, aluminum steel profiles, granite, ceramics and pipe fittings to mining tools and hardware.

So far, at least 800 plots have been set aside at Kibaha area, according to him, but the offer is for the whole country.

"I am happy that you (exhibitors) are here to showcase your modern construction materials, but I wish you could install plants for manufacturing them locally instead of importing them," he told the exhibitors. To ease the process, Mr Lukuvi has announced the government would provide them with land free of charge.

"Whoever is interested should come to my office from tomorrow (31st October) and I will give you a well surveyed piece of land," he said, adding that although the offer targeted manufacturers of construction and building materials, investors in other sectors would also benefit from the offer.

The minister also promised to assist investors to communicate with other ministries and regulatory bodies related to industrial investments, for further procedures.

"I know some of you have not tried the Tanzanian market before, but I assure you that you will not regret investing here. No company has operated at a loss in this country as the market is huge and the business environment is conducive," he noted, reiterating the available opportunities in constructing affordable houses.

"We currently demand at least 50,000 housing units for public workers and other individuals. The government cannot afford to build them alone and seeks your (private sector) support," he said.

He urged them to either build the houses on their own or collaborate with local companies.

Kenyan ambassador to Tanzania Dan Kazungu echoed Mr Lukuvi's call, saying that the investments would also benefit Kenya and other East African countries.

"We (EAC) have common market agreements that encourage countries to do business with each other. So, constructing these industries in Tanzania will help you to access the Kenyan and other EAC countries' markets," he said.

 

Credit: Citizen

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