OIA signs MoU to develop a new port in Zanzibar

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مصدر الصورة: موقع رئاسة زنجبار Photo source: Zanzibar Presidential Office

هذه الصفحة متوفرة بهذه اللغة: العربية

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30 January 2021

MUSCAT (WAF): Oman Investment Authority (OIA) has signed a memorandum of understanding to establish a multi-purpose port in Zanzibar, according to President’s Office of Zanzibar.

The press release issued by the Office’s website said that the port will be located in Mangapwani. The multi-purpose project will have containers and cargo terminals, fishing vessels terminal and oil and natural gas terminal.

The MoU was signed on Thursday by Mohammed Al-Toqi, director of OIA’s office in Tanzania and Permanent Secretary in the Ministry of Works, Communication and Transport Amour Hamil Bakari.

The newly-signed MoU is not the first signed by the Oman Investment Authority within the interest of investment relations with East African countries. In 2015, Oman and China celebrated Bagamoyo Port’s foundation in Tanzania, but the project has seen little progress ever since.

In 2019, OIA (known then as SGRF) signed a cooperation agreement with Djibouti, represented by the Ports and Free Zones Authority, to invest in logistics and transportation.