Tanzania: Co-ops Federation Tower to Undergo Face Lift, Modernization

THE global construction and real estate sector has enjoyed a sustained period of robust expansion in recent years. Statistics show that in Tanzania, the Real Estate contributes about 12 per cent of the Gross Domestic Product (GDP).

AS years go by, the construction and real estate sector is gaining momentum to cope with the increasing demand for office and residential accommodation, as well as commercial purposes in Tanzania especially in urban centres. Tanzania's real estate market is mainly concentrated in the major cities of Dar es Salaam, Arusha, Mwanza, and major towns and in Zanzibar.

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