Tanzania’s public and private institutions have signed a total of 36 memorandums of understanding (MoUs) valued at $7.49 billion (nearly to Sh17.3 trillion) with their United Arab Emirates (UAE) counterparts. That was revealed yesterday by Investment, Industry and Trade minister, Dr Ashatu Kijaji when addressing the business and investment forum held alongside the Dubai Expo 2020. The event was officiated by President Samia Suluhu Hassan and attended by over 400 members of business communities from Tanzania and UAE.
Speaking during the event, Dr Kijaji said the signings testified the two sides’ commitment to continue strengthening and promoting economic ties. “This forum provides opportunities for both countries to consolidate and strengthen economic relations through investment and trade which align with Tanzania government’s efforts to drive economic growth and sustainable development through industrialization,” she said. She said Tanzania’s participation at the World Expo 2020 Dubai, the country has maximized the expo by promoting the country’s potential in the sector of tourism, agriculture, oil and gas, minerals, energy, livestock and fisheries, construction, transportation as well as showcasing the ki-Swahili language.