TISEZA, HWTZ Sign Investment Agreement for a Large Industrial Complex in Bagamoyo



By Our Reporter

The Tanzania Investment and Special Economic Zones Authority (TISEZA) has signed a land lease agreement with HWTZ SEZ Limited for the development of a large and modern industrial complex in the Bagamoyo Eco Maritime City (BEMC), located in the Coast Region.

Speaking to journalists yesterday in Dar es Salaam, TISEZA Director General, Gilead Teri, described the event as strategic, reflecting the authority’s ongoing efforts to coordinate and promote investment in the country.

He noted that the project is expected to cost over USD 3 billion and create more than 5,000 jobs for Tanzanians, while contributing to the implementation of the Development Vision 2050.

Teri emphasized that TISEZA’s core mandate is to “coordinate, promote, and facilitate investment, as well as advise the Government on policies and management of special economic zones.”

According to him, HWTZ SEZ Ltd, a subsidiary of China’s Hongwang Holding Group, has been allocated 500 hectares of land for a period of 33 years from the date of signing the agreement.

He explained that the investment will involve the construction of all essential industrial infrastructure, including roads, water supply, electricity, sewage systems, and security, alongside the use of renewable solar energy. The goal is to attract more than 150 industries into the complex.

Additionally, Teri stated that the investor will own and operate three major factories focusing on vehicle assembly, fishing boats, motorcycles, as well as the production of construction materials and spare parts—commonly known as advanced equipment manufacturing.

Beyond job creation, the investment is expected to empower Tanzanian youth through practical training, boost production for both local and international markets, and increase foreign exchange earnings.

On the investment climate, Teri said the arrival of major investors reflects Tanzania’s favorable investment environment, noting that “Tanzania continues to be a safe investment destination in Africa,” due to strong policies, tax incentives, and political stability under President Dr. Samia Suluhu Hassan.

He further revealed that since the launch of the investment promotion campaign on August 12, 2025, TISEZA has received 48 investment applications for the BEMC area, with nine agreements already signed and investors at various stages of implementation.

On his part, the company’s Chief Executive Officer, David Zhou, said the signing marks a significant milestone and an important step in the project’s development.

He explained that the company plans to establish a fully integrated industrial system by linking upstream and downstream production activities to strengthen the manufacturing sector.

Zhou added that the complex will include all essential infrastructure such as electricity, water, and other basic services, along with a dedicated government service center to streamline access to services for investors—enhancing efficiency in industrial operations.

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