Tanzania’s Zanzibar assures local, foreign investors of its full support

Zanzibar President Ali Mohamed Shein on Sunday assured local and foreign investors wishing to do business in the islands of its full support.

“My government will create an enabling environment for local and international companies to fulfill their investment ambitions without obstacles,” he said.

Speaking to the management of the Dubai-based Privinvest and Advanced Marine Transport (AMT) Companies, Shein said the government will remove all obstacles that hinder investors from investing in the islands, located 32 km east of Tanzania mainland off the Indian Ocean.

The Dubai-based firm deals in manufacturing of marine vessels, cargo transportation and ports operations.

Shein said AMT companies’ decision to invest in Zanzibar has come at the right time when the government was looking at ways through which the people of Zanzibar can benefit from marine resources at their disposal.

The AMT companies’ chairman for African zone, Jean Boustany, assured Shein that the companies have real intention to invest in Zanzibar, pledging significant cooperation with the government.

“The companies also provide services to navy armies, renting planes, ships and commissioning and operation of natural gas and oil infrastructure,” he said.

Boustany said the ATM has operations in South Africa, Angola, Cameroon, Congo, Equatorial Guinea, Ghana, Nigeria, Madagascar, and Mozambique, among others. Enditem

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