LOCAL companies will benefit from a wide range of job and trade opportunities to be created as construction of the Bagamoyo Port begins next year, a top officer of Oman’s State General Reserve Fund which finances the project has said.
Mr Mohamed Al - Tooqi, the SGRF Country Manager said in Dar es Salaam yesterday that many local companies would be sub-contracted for construction works of a 10 billion US dollar (over 20trn/-) port and special economic zone in Bagamoyo, Coast Region billed to transform the country into a regional trade and transport hub.
“There will be quite high participation for local companies ... they will be recruited on competitive edge,” he said during Oman -Tanzania roadshow held on the visit of Oman business delegation in Tanzania to explore trade and investment opportunities.Bagamoyo Port project, being built at Bagamoyo, 75 km (47 miles) north of Dar es Salaam, will be the country’s largest infrastructure project constructed under support of Oman’s State General Reserve Fund and China Merchants Holdings (International), China’s largest port operator.
According to government officials, the port will be able to handle mega-ships - with a container vessel size of 8,000 twenty-foot equivalent units (TEUs) - after its first phase of construction is completed, with room for expansion.
It will be able to handle twice the amount of cargo handled by Dar es Salaam Port and will help reduce the congestion at the port. Mr Al-Tooqi said local companies would be registered for various activities and would be picked after a through process to determine their strength and ability to deliver.
He urged Tanzania’s business community to get prepared for the activities to generated by the mega project. The construction of the port and a special economic zone is in line with government’s goal of bringing about an industrial revolution in Tanzania.
The East Africa’s largest economy is aiming at transforming from an agricultural economy to a semi-industrialised nation by 2025. The whole project including roads, railways and the economic zone is expected to take 10 years to complete, will involve three phases.
The Oman business delegation, comprising of businessmen and industrialists, arrived in the country on Tuesday evening for a three-day visit to explore opportunities of trade and industrial cooperation between the two countries.
The delegation under Oman Minister of Commerce and Industry, Dr Ali al Sunaidy, is aiming at boosting economic and investment cooperation between the two countries, particularly in areas of real-estate investment, foodstuff, transport and logistics services and finding investment partnerships and connecting the ports of Duqm, Salalah and Sohar with Dar es Salaam Port.
Oman is aiming at opening new markets in Africa through Tanzania, which overlooks the Indian Ocean as a gateway to several countries on the continent, he said.