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Tanzania attracts Saudi Arabia investments ahead of World Expo 2030

Tanzania PM
Written by Investments

Targeting to strengthen diplomatic and business relations with the Kingdom of Saudi Arabia, Tanzania is attracting Saudi Arabian investments ahead of The World Expo 2030 is expected to be held in Riyadh, the capital of Saudi Arabia, from October 2030 to March 2031.

Tanzanian Prime Minister Mr. Kassim Majaliwa had recently held discussions with the Saudi Arabian Ambassador to Tanzania Mr. Yahya Ahmed Okeish and encouraged Saudi Arabian investors to invest in Tanzania’s agriculture, livestock, and fisheries.

Agriculture, Livestock, and Fisheries are the key investment sectors to attract Saudi Arabia’s business with Tanzania and East Africa, banking on the ample land available for foreign investments in Tanzania.

The Tanzanian Prime minister said that Tanzania was impressed by the Saudi Arabian government for its decision to introduce direct flights from Saudi Arabia to Tanzania, saying flights will help strengthen tourism between the two countries.

The airline launched its first direct flight to Dar es Salaam in Tanzania in March this year after announcing the Group’s operational plans to fly to 25 new international destinations in three continents around the world. 

Launching of its scheduled flights to Tanzania was part of the airline’s strategic plans of bringing the world to the Kingdom while making optimal use of the new aircraft that will be added to its operations. 

“I have been informed that your airline will also soon start direct flights from Saudi Arabia to Zanzibar. This will not only increase the number of tourists but also benefit those who go to Saudi Arabia for Umrah and Hajj,” Mr. Majaliwa said. 

Saudi Arabia Airlines launched direct flights from Jeddah to Dar es Salaam in March this year (2023) and which will serve air travellers from the Kingdom visiting Tanzania for business and tourism while flying Hajj pilgrims from Tanzania to the Kingdoms Holy Sites during the annual Hajj Pilgrimage.

The Kingdom’s major goal was to see the number of visitors growing from the present 18 million to 100 million by 2030. Saudi Arabia had envisioned to see tourism employing many youths from the Kingdom.

The Tanzanian Prime Minister praised the King of Saudi Arabia Salman bin Abdulaziz Al Saud and Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, for the successful bid to host World Expo 2030 in the Kingdom. 

On his part, the Saudi Arabian ambassador said that Tanzania can attract a big number of investors from Saudi Arabia. He then expressed his commitment to encourage investors from Saudi Arabia to invest in Tanzania.


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