Tanzanian official: 500 new projects were registered in the country in 2023
Abu Dhabi, 7 May / WAM / Her Excellency Dr. Tausi Kida, Permanent Secretary in the Presidential Office responsible for Planning and Investment in the United Republic of Tanzania, said that the “AIM Investment Summit” creates exceptional opportunities to understand investment trends and partnerships available at the global level.
She added in statements to the Emirates News Agency, WAM, on the sidelines of the summit’s launch today in Abu Dhabi: “We are very pleased to be here in the Emirates to attend this annual investment meeting hosted by Abu Dhabi, and we thank the country for this platform that brings together stakeholders, decision-makers, and investors in various fields.” Under one roof to enable global investments.”
Her Excellency stressed the qualitative investments included in Tanzania in various fields, which in turn create new opportunities to further diversify the country’s sources of income, pointing out that more than 500 major projects were registered last year 2023 with a value of more than $5 billion, most of which are in mining, industry, agricultural processing, as well as construction.
Her Excellency explained that the agricultural sector in Tanzania continues to grow significantly, expecting the sector to achieve further acceleration in growth due to the volume of investments made by the government to develop agricultural infrastructure, stressing that Tanzania is one of the main food suppliers to Africa, despite the fact that the food production sector is witnessing traditional growth. .
Regarding the importance of including technology in enhancing investment sectors, Her Excellency Dr. Tausi said that technology represents a breakthrough in all sectors, and Tanzania is witnessing a major transformation in this field, specifically in the agricultural sector and data, and “when you look at the data in Tanzania, you will see that we are moving from small-scale producers To medium and large scale producers and this will only be possible if we advance and adapt new technologies in agriculture, so we see the entire value chain of agriculture from production to processing to market, and we also see that technology enhancement is working wonders in this field.”
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