Dr Mwinyi invites Indonesian investors

04Mar 2021
The Guardian Reporter
Zanzibar
The Guardian
Dr Mwinyi invites Indonesian investors

ZANZIBAR President Dr Hussein Ali Mwinyi has welcomed Indonesian investors insisting the government has created a conducive investment environment.

Dr Mwinyi made the remarks yesterday when he met and held talks with Indonesian ambassador to Tanzania, Ratlan Pardede at State House. He said the Isles government is determined to bring about development changes and that it is ready to cooperate with other partners to achieve its development targets.

He said the Union government has enjoyed a long time cordial bilateral relationship with Indonesia adding the two governments have been collaborating in implementation of various development projects in different sectors.

“We have opened our doors for Indonesian investors to establish projects in Zanzibar,” said Dr Mwinyi.

The President asserted that Zanzibar would like to receive Indonesian investors interested in the development of the blue economy. He said the government has started to invest in developing the Ocean-based-economy whereas it is conducting a feasibility study for construction of the Mangapwani/Bumbwini port.

“We also invite investors in the tourism sector,” said the President noting Indonesia has made great strides in the tourism sector.

He said Zanzibar is endowed with a number of investment opportunities in the tourism sector.

He commended Indonesia for opening a cloves processing factory at Mgelema in Chake Chake, Pemba.

He suggested for Indonesian investors to establish a seaweed processing factory because despite the fact that most farmers engage in cultivation of the crop, they are yet to benefit because of poor prices offered by buyers. He said efforts are being done by the government to ensure farmers with reliable markets for the crop

Meanwhile, ambassador Pardede said his government will continue to support Zanzibar’s development endavours as well as convincing Indonesian investors to establish projects in the Isles.

The ambassador commended Dr Mwinyi’s leadership highlighting the various successes he attained within the first 100 days in office.

He said that Indonesia has already signed various memorandum of understanding (MoU) with Tanzania targeting to cement the existing bilateral relationship.

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