25 November 2012

Tanzania: Turkish Investors Focus On Agriculture, Mining and Construction Sectors

MORE Turkish investors coming to Tanzania have shown interest in areas of agriculture, mining and construction sectors.

Turkish Ambassador to Tanzania, Ali Davutoglu said in Dar es Salaam yesterday ahead of the Tanzania Turkish Export Products Exhibition for 2012 where 40 Turkish companies will take part. The Exhibition, to start on November 29 to December 1, he said, will strengthen economic relations and trade partnerships.

On the official list of the 40 companies, they include those with interests in oil, food and beverages, tyres, kitchen ware, textiles, telecommunication, iron, agro chemicals and construction materials.

Ambassador Davutoglu therefore advised local businessmen to use the available resources effectively so as to achieve the country's social-economic objectives. The Ambassador said the Turkish government had also expressed readiness to invest in Tanzania's key sectors of agriculture, mining, textile and tourism to stimulate the country's economic growth.

Briefing reporters on the Turkish export products, Turkish Ambassador said there would be 40 Turkish companies participating in this exhibition from various sectors - textile, telecommunications, construction, agricultural machines, cosmetics, prefabricated buildings, steel structures, living containers, bee-keeping products and water dispensers.

Others include cooling units, flake ice machine, cold room, shock-unit, baby diapers, mono-grade and multi-grade engine oils, fuel treatment additives, food, high density electric cables, energy transfer lines, PVC insulated cables, plastic house-wares, PVC pipes and fittings, outdoor furniture, synthetic grass carpet (artificial turf), diesel engine generator, brush cutter and water pump generators.

"We believe that we have the potential to further increase and diversify commercial contacts and cooperation in various sectors, especially textile, agriculture, tourism, mining, energy, infrastructure and construction in which Turkish firms are very successful," he said.

He encouraged Turkish business people to explore investment possibilities in Tanzania. Gurbuz said having good relations with Tanzania would give them a chance to establish many projects and businesses, which would be an advantage to Tanzanians themselves.

"We are planning to establish the Turkish university in Tanzania and it will be of significant importance to students because we will be providing scholarships for the students, who failed to pay fees," he noted.

The Turkish government is also providing an increased number of scholarships to Tanzanian students to study in Turkey (high school, university, masters, PhD). He said 35 to 45 scholarships were offered to students in high schools and universities in Tanzania every year.

The Ambassador also said Tanzanian business people should continue exchanging ideas, on doing business and enabling the business people to participate in trade fairs to get new ideas, products, technologies and plan establishing a business forum with East Africa Community (EAC).

The head of Turkey international trade Mr Nuvit Becan re-affirmed his country's commitment to improve business relations and praised the role of the private sector in the creation of jobs and contributing to the growth of the economy region.

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