On 9th May 2024, the High Commission had fruitful discussions with Directors of Eco Green Investment (EGI) Company regarding available investment opportunities in Tanzania. EGI is eying to invest in Tanzania in Agro-Processing , Blue Economy, Tourism, Science and Technology in the near future.
Zanzibar Domino Tower - Building the Blue Economy
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On 25th August 2021, AICL Group and Edinburgh Crowland Management Ltd, signed a contract worth $1.3 Billion with xCassia for architectural designs of 70 Storey building, Zanzibar Domino Commercial Tower, which will be constructed in Zanzibar, Tanzania. Zanzibar Domino Commercial Tower is going to be the 2nd tallest skyscraper in Africa following Iconic Tower in Egypt. The Project is expected to take four years, and it is going to cover a total area of 65,000 Square Metres with 2 underground floors and 78 floors above the ground.
During signing ceremony, Mr. Mudrik Ramadhan Soraga, the Minister of State President’s Office (Economy and Investment) of Zanzibar, stated that, the implementation of the project supports the Government’s efforts in inviting more Local and Foreign investors to invest in the Isles. Furthermore, “The Zanzibar Domino is a unique project which is exceptionally well-suited to Zanzibar's investment philosophy of providing its investors with superior returns through exceptional schemes as well as strategic socioeconomic projects that leverage prosperity, people and the planet.” This project is a big step towards building the Isles’ “Blue Economy”.
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