In a remarkable demonstration of Tanzania’s growing economic influence on the global stage, President Samia Suluhu recently attended the Saudi Arabia-Africa Summit in Riyadh. The summit, which attracted numerous African nations, provided a platform for fruitful discussions with directors of various Saudi Arabian companies across industries such as manufacturing, agriculture, mining, livestock, tourism, and energy.
Just two weeks ago, President Samia Suluhu engaged in strategic talks before and after the summit, successfully eliciting interest from several companies keen on investing in Tanzania.
On November 21, 2023, the Tanzania Investment Centre (TIC) – Northern Zone warmly received Al-Norman Brothers International Co. from Saudi Arabia. The company was promptly introduced to the Kiyeyo RCS-Siha Cooperative. This investor’s arrival comes merely a week after President Samia Suluhu’s return from Saudi Arabia.
Al-Norman Brothers International Co. expressed a keen interest in establishing a value-adding plant for the coffee industry, a significant development for Tanzania’s agricultural sector.
The arrival of investors from Saudi Arabia unmistakably underscores the substantial impact of President Samia Suluhu’s economic diplomacy. It serves as a testament to her administration’s remarkable ability to bring about transformative changes in Tanzania’s investment landscape.
This diplomatic achievement not only strengthens economic ties but also positions Tanzania as an attractive destination for foreign investment, fostering a promising future for the nation’s economic growth and development.