Elsewedy Electric’s unit launches mega industrial city in Tanzania

Ahram Online , Monday 6 Nov 2023

Elsewedy Industrial Development (SD), a subsidiary of Egypt's Elsewedy Electric, announced the launch of a huge industrial city in Tanzania, which aims to attract over $400 million in investments and generate over 50,000 jobs to support industrial growth in the African country.

Elsewedy Electric transformers factory in Tanzania.
Elsewedy Electric transformers factory in Tanzania. Company s website.

 

Elsewedy Industrial City (EIC) in Tanzania is planned to be an integrated industrial zone spanning an impressive area of 2.6 million square metres, according to a bourse statement on Monday.

The city will host strategic industries plus residential areas and amenities that will enjoy a favourable location just 15 kilometres away from the Kwala Dry Port, which is home to the Ruvu station of the Standard Gauge Railway (SGR) system that stretches across approximately 2,000 kilometres.  

The SGR system will connect Dar Es Salaam to the industrial city and significantly reduce travel time between the two locations to 45 minutes.

The new city was showcased during the African Investments Forum – Egyptian Industries in Tanzania, which was hosted by the General Authority for Investment and Free Zones (GAFI).

The event was attended by Tanzania Investment Centre's Executive Director Gilead Teri, the Egyptian Commercial Service's head Yahya Al-Wathiq Billah, Elsewedy Electric President and CEO Ahmed Elsewedy, SD's CEO Mohamed El-Kammah, Elsewedy Electric East Africa's Managing Director Ibrahim Qamar, and 100 notable Egyptian industrialists.

The forum focused on investment opportunities and incentives in Tanzania to foster partnerships across sectors like engineering, construction, and pharmaceuticals. It highlighted SD's role in driving Tanzanian investments.

GAFI President Hossam Heiba noted that this promotes Egyptian-Tanzanian economic relations. He pointed to opportunities from their strategic locations and business environments, with GAFI having signed MoUs with African institutions to encourage Egyptian investments.

Egyptian investments in Tanzania have reached $1.3 billion since 1997. 

Total Egyptian investments in Africa reached $10.2 billion in 2021, according to Minister of Trade and Industry Ahmed Samir.

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