Tanzania, UAE Investors in Sh43 Billion City Project

Dar es Salaam — Tanzanian investors and their United Arab Emirates (UAE) counterparts have invested a total of $20 million (about Sh43 billion on the prevailing exchange rate) to set up the Ramada Encore Hotel in the city's central business district.

The money, according to the hotel managing director, Mr Abdul Ismail, went towards activities pertaining to procurement of various construction services as well as on furniture and other operational expenses that are associated with the setting up of a world-class accommodation facility.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.