Chinese real estate investment to create 1,000 jobs for Tanzanians

16Jan 2019
Joseph Mchekadona
Dar es Salaam
The Guardian
Chinese real estate investment to create 1,000 jobs for Tanzanians

A Chinese construction firm is currently building residential houses, which upon completion will create more than 1,000 jobs for Tanzanians, it has been revealed.

Chinese construction firm on plan to create more than 1000 jobs in Tanzania

Located in Dar es Salaam’s Mikocheni area, the US$ 43 million Royal Glory Residence is expected to start its operation in November, this year, according to developers.

Developed by China Civil Engineering Construction Corporation (CCECC), Royal Glory Residence will include 14 villas and 156 apartments and modern shops.

Built on five acre land, the project will be implemented in two phases.

Leon Zhang, sales manager for CCECC Capital Tanzania Investment Center said the residence will change the face of Dar es Salaam as they will include state of the art and   17 modern shops.

He said renting for seventeen modern shops at the place start   in November this year and they will also be villas type D and E and apartments.

Zhang said both will have lounges, dining rooms, Kitchens, and bathrooms, plus modern e- parking areas.

He further said that the real estate investment will be a place which its occupants will experience new life within the city of Dar es Salaam , as it   advocate for environmental protection and energy conservation ,  as it will be free from pollution

The official mentioned some of the modern facilities which will be found at the Royal Glory will include   fitness walking track , ECO friendly gardens , CCTV cameras , standby generators , intercom , electric fence system and also provide 24 hours tight security .

It also has gated community, fully furnished, kids play area, refreshment area, swimming pool, fully equipped Gym and tennis court.

“ We are asking business people , companies and organizations to start booking now , the shops will be of the state of the art , situated a modern place within the city of Dar es Salaam , our renting prices are reasonable so that anyone can afford,” he said .

 He further described the Royal Glory Residence as a place where opulent lifestyles and leisure spaces meet spectacularly, an ideal mix of best retail names under one roof.

CCECC   which is well known for the construction of TAZARA is also  involved in  construction of  housing , roads , bridges , urban development and many more , in real estate they  started with Dream Glory which is situated in  the high class neighbourhood of  Oysterbay area while  the Royal Glory is its second .

 

He said the Dream Glory is fixed with state of the art facilities like e –parking area, sauna and other many more.

Foundation Stone laying ceremony of Royal Glory was attended by deputy foreign Minister and East African Cooperation   Dr Damas Ndumbaro who was the guest of honor; others were Chinese ambassador in the country, Wang Ke and   CCECC Chairman Yuan Li.