Tanzania invitations Saud Arabia to spend money on key sectors

SAUDI ARABIA: MINISTER for Finance, Dr Mwigulu Nchemba, has invited Saudi Arabia to discover and spend money on a variety of alternatives in Tanzania, together with tourism, agriculture, mining, infrastructure improvement and the blue financial system.

Dr Nchemba made the invitation throughout a gathering with Saudi Arabia’s Deputy Minister of Economy and Planning, Eng Ammar Naqadi, on the sidelines of the Business and Investment Forum held in Riyadh, Saudi Arabia.
The discussion board was organised by the Tanzanian Embassy, in collaboration with the Tanzania Investment Centre (TIC) and the Zanzibar Investment Promotion Authority (ZIPA).

He highlighted that Tanzania is making important strides with its Standard Gauge Railway (SGR) mission, noting that the part from Dar es Salaam to Dodoma has been accomplished, whereas building is ongoing for sections extending to Mwanza and the Democratic Republic of Congo (DRC) through Burundi.

Equally, Dr Nchemba emphasised that the SGR mission presents a big funding alternative for Saudi Arabia, as it would assist facilitate commerce and enterprise progress between Tanzania, Saudi Arabia and the broader East African area.

In response, Eng Naqadi expressed Saudi Arabia’s readiness to collaborate with Tanzania on creating its railway infrastructure, which might improve the transportation of individuals, crops and items.

This, he famous, would assist stimulate financial progress between the 2 nations. He additionally underscored the significance of personal sector participation in fostering sturdy enterprise relations.

Eng Naqadi additional famous that Saudi Arabia is raring to associate with Tanzania in a number of key sectors, together with mining, agriculture, oil and fuel, tourism, marine assets processing, and infrastructure.

He introduced {that a} crew of specialists, together with the non-public sector, can be despatched to Tanzania to discover funding alternatives, assess the funding local weather, and make knowledgeable selections.

The assembly was attended by a number of Tanzanian officers, together with Minister for Industry and Trade, Dr Selemani Jafo, Zanzibar’s Minister of State for the President’s Office in Finance and Planning, Dr Saada Mkuya Salum, and the Tanzanian Ambassador to Saudi Arabia, Dr Moh’d Juma Abdalla.

The three-day discussion board goals to strengthen the bilateral ties between Tanzania and Saudi Arabia, specializing in commerce and funding.

Tanzania’s financial relationship with Saudi Arabia stays sturdy. Recently, 100 Tanzanian nurses secured job placements with the Saudi Arabian authorities as half of a bigger group of 500 positions obtainable. The nurses have accomplished all vital necessities and are set to journey to Riyadh to start their new roles.

Minister for State within the Prime Minister’s Office (Youth, Labour, and People with Disabilities), Ridhiwani Kikwete, spoke at a send-off occasion in Dar es Salaam, congratulating the nurses and underscoring the significance of cooperation agreements with international locations such because the UAE, Saudi Arabia, Iran, and Qatar. These initiatives, he famous, would enhance job prospects for Tanzanians overseas.

He urged the nurses heading to Saudi Arabia to take care of integrity and trustworthiness, as they characterize Tanzania on the worldwide stage.