4 July 2014

Tanzania: Turkey Logistics Firm to Invest in Tanzania

AN Istanbul based port operator and cargo handling equipment firm, Aydin Logistics has set aside 3 million US dollars for investment in the country.

Speaking to journalists at Sabasaba grounds in Dar es Salaam, the Company's Managing Director Esra Esriti, said the company's mission was to become the leading company in the logistics industry by practicing customer oriented services and using advanced technology in Tanzania and in the East African region.

"As part of our company's long term plan of investment in Tanzania, this investment is aimed at positioning Aydin Logistics at the port of Dar es Salaam, which serves several land-locked countries."

She said currently the firm has employed more than 30 people and would continue to provide more employment opportunities to Tanzanians and thus reducing the rate of unemployment.

She also said that her company is affiliated to another company that deals with supplies of heavy-duty cargo handling and construction equipment, called Hidromek with its headquarters in Ankara, Turkey.

"Hidromek currently exports its backhoe loaders and excavators to more than 50 countries in five continents through its distribution network of more than 100 outlets worldwide," she said.

According to the Marketing Manager of Hidromek Mr Hillary Samuel, Hidromek machines and equipment are very efficient in fuel consumption and thus would be a great relief to Tanzanians businessmen.

He added that the firm offers equipment' loans to entrepreneurs who can't afford to buy it directly due to exorbitant prices. He said through their company the entrepreneurs can first pay a down payment of 30 per cent. View the discussion thread.

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