Listing in Dubai as ALEC Holdings Offers 20% Stake

ALEC Holdings announced plans for a new listing in Dubai, offering investors a 20% stake in the company. The engineering and construction firm confirmed...
HomeInvestmentOman Investments Unlock Tanzania’s Business Potential

Oman Investments Unlock Tanzania’s Business Potential

A 22-member business delegation from Oman visited Tanzania to explore new investment prospects and strengthen economic ties. The group represents multiple governorates across the Sultanate and is led by His Excellency Dr. Salem bin Salim Al Junaibi, chairman of the Oman Chamber of Commerce and Industry (OCCI) in Al Wusta Governorate.

The delegation’s program included meetings with senior Tanzanian officials and business-to-business sessions with local entrepreneurs. In addition, members visited industrial zones, logistics hubs, and other strategic facilities. These engagements allowed Oman Investments to identify practical collaboration opportunities.

Delegates also visited Zanzibar Island to assess projects in energy, agriculture, fisheries, tourism, and logistics. Dr. Al Junaibi emphasized Tanzania’s status as an emerging market with abundant opportunities for Oman Investments. He highlighted that these visits are concrete steps toward fostering joint ventures and long-term partnerships.

The delegation focused on identifying areas where Oman’s private sector could contribute meaningfully. Energy projects, particularly renewable solutions, attracted attention due to Tanzania’s growing demand. Agriculture and fisheries also presented opportunities for technology transfer and knowledge sharing. Tourism projects in Zanzibar showed potential for collaboration in hospitality, transportation, and cultural ventures.

Oman Investments also explored logistics, noting the strategic position of ports and industrial corridors. Investors evaluated infrastructure projects that can facilitate trade and strengthen regional connectivity. This assessment supports Oman’s broader strategy to expand its economic footprint in Africa.

Furthermore, the delegation emphasized long-term investment prospects. Delegates discussed financing options, potential partnerships, and regulatory frameworks with Tanzanian officials. The engagement also allowed both countries to exchange best practices in business development, governance, and investment promotion.

Experts noted that Oman Investments in Tanzania reflect a growing trend of Gulf countries investing in East Africa. These collaborations can create jobs, boost trade, and enhance knowledge transfer between nations. Delegates concluded that strategic partnerships could accelerate industrial and technological development in Tanzania.

Overall, the visit demonstrated Oman’s commitment to expanding its presence in Africa. By identifying viable projects, the delegation sets the stage for actionable investments that benefit both economies. Officials stressed that follow-up visits, agreements, and collaborative initiatives will continue to solidify these economic ties.