Syrian investors lead Asians in targeting local manufacturing sector

20Mar 2019
The Guardian Reporter
The Guardian
Syrian investors lead Asians in targeting local manufacturing sector

SYRIAN investors are leading a pack of Asian business owners seeking to put up manufacturing industries in the country. 

Syrian business people and local clients at the ongoing trade fair in Dar es Salaam. Photo: Guardian Photographer. 

Export Processing Zone Authority (EPZA)’s Investment Promotion Officer, Grace Lemunge said the Syrian and several other Asian nationals have shown serious interest to exploit the immense untapped potential that exists in the country’s manufacturing sector.

Lemunge said in Dar es Salaam yesterday at the ongoing Syrian International Trade Exhibition taking place in the commercial capital that EPZA and other government agencies are ready to work with the foreign investors.  

“Representatives of the companies participating in the exhibitions who apart from showcasing their products and technology, are also looking for new investment opportunities in Tanzania,” she said.

Lemunge said representatives from a number of Asian companies continued to flock into the EPZA pavilion to seek detailed information on various investment opportunities especially in the manufacturing sector.

“We are using the ongoing Syrian international exhibitions to provide information to the participants of the fair on the investment opportunities that can be accessed through EPZA,” the EPZA Investment Promotion Officer added.

Lemunge further noted that the exhibition has become an important platform for the foreign participants to become ambassadors of the country by spreading the message on the vast investment opportunities available in all sectors.

Another EPZA Investment Promotion Officer, Panduka Yonazi seconded Lemunge’s observation by noting that the exhibitions also allowed local participants including private business owners who visited the EPZA pavilion, seek information on investment opportunities.

“The ongoing Syrian trade fair is an important opportunity to provide investment information to local investors on opportunities available in the manufacturing sector and that they should grab them through the EPZA windows,” Yonazi said.

“We told local investors on the enabling environment that the government is offering for them to invest and grow their businesses,” he added.

He pointed out that EPZA’s aim of participating in the exhibition was to meet representatives from both local and foreign companies to give them information relevant to make investment decisions.

“Investors in the processing of pulses are guaranteed opportunities provided through the authority’s facilities such as Special Economic Zones where 80 percent of the processed products are for exports market,” he noted. The Syrian exhibition are held annually since 2010 in Dar es Salaam.