The project is one of the initiatives of Tanzanian President Samia Hassan Suluhu, who has been on a personal crusade to increase foreign domestic investment in the country.
Once completed, Sino Tan’s project will boost the nation’s economy and the achievement of the Sustainable Development Goals (SDGs).
The project started in March 2022 and will be completed in 24 months. The expected overall investment in the Kuala Satellite City is $3 billion, or Sh6.9 trillion, and the estimated cost of building work is about $150 million (Sh345 billion).
The project will include various amenities, according to Group Six International Deputy General Manager Yi Xiaobo, whose company has been appointed to undertake the project. Infrastructure includes offices, houses, office buildings, commercial buildings, churches, mosques, police stations, gas stations and fire marshalling stations.
“Industries produce industrial goods like food products, medicines, shoes and clothes, cooking gas, transport materials and steel” He said.
According to Mr. YI, the project will provide indirect employment to over 100,000 persons and a total of over 1,000 direct jobs. He said the industries will directly and indirectly employ more than one million Tanzanians once completed.
He said the project would reduce cargo and container traffic at Dar es Salaam port and help nearby landlocked countries such as Zambia, Malawi, Uganda, Burundi and the Democratic Republic of Congo (DRC). and export of products.
“Industries will maximize the use of the Standard Gauge Railway (SGR), the Kuala Inland Container Depot (ICD), and the Dar es Salaam-Coast-Morogoro highway, He said.