27 July 2012

Tanzania: Turkish Investors Eager to Tap Business Opportunities in Dar es Salaam

TURKISH businessmen are planning to invest in the energy sector after being impressed with available opportunities in the country.

Briefing reporters on visit of the 13 Turkish businessmen in the country in Dar es Salaam, the Turkish Ambassador, Mr Ali Dovutlouglu, said the delegation was in the country to find strategic business partners to invest in the energy.

"The delegation also intends to diversify their markets and tap on Tanzania's business potential and its location as the regional business hub for East Africa," said the ambassador. He said the delegation which includes the members of Turkish Electrical Technology Exporters Association (TET) intends to create a long term partnership that will add to the development of bilateral economic relations between Tanzania and Turkey.

"The delegation will be meeting with Tanzania business community for the three next three days on a programme to exchange ideas on how to develop alternative business ventures," he said. According to the Ambassador, the Turkish electrical sector exports more than 10 billion US Dollar worth of products worldwide with Europe being the main market.

Mr Dovutlouglu urged Tanzanian businessmen to take this opportunity to meet with the delegation who are in the country. Eng Aloys Mwamanga, who is the vice chairman of Tanzania Private Sector Foundation (TPSF), said Tanzania has had good trade relationship with Turkey since the establishment of its embassy in the country in 2009.

"The Tanzanian business community is eager to meet with the delegation as Turkey's technology is recognized worldwide for quality," he added. He thanked the government for facilitating the relationship between Turkish and Tanzanian business community and that the Turkish delegation's visit was the results of President Jakaya Kikwete's visit to Turkey in February 2010 when he led the delegation to discuss several initiatives at both government and private sector levels.

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