Tanzania to build 3 satelite cities soon
DAR ES SALAAM, Tanzania - The government through the National Housing Corporation (NHC) will develop three satellite cities in Arusha and Dar es Salaam.
NHC is now looking for investors to jointly buy into the venture.
The cities are Kibada (Dar es Salaam), Safari City and Usa River in Arusha and already investors from Dubai have shown some interest.
Last week Tanzania’s Vice President Dr Mohammed Bilal officiated an investment forum in the housing sector, in Dubai, UAE.
Several international investors in the housing sector attended.
About 96 housing companies from Dubai participated together with others from the Democratic Republic of Congo, Sweden, South Korea and India.
The meeting was jointly organized by the Tanzania Embassy in the UAE and the National Housing Corporation (NHC).
During the meeting NHC made a presentation about the three Satellite Cities Projects.
At the same time, the Managing Director, Tanzania Investment Centre (TIC) Ms Julliet Kairuki had a chance to talk to investors about other opportunities apart from those in the housing sector.
She also told investors about the regulations and procedure to be followed by would be investors in Tanzania.
The National Housing Corporation is the outcome of the decision of the Tanzania government to dissolve the Registrar of Buildings (RoB) through Act of Parliament No.2 of 1990, which vested its responsibilities with the NHC.