News Column

Tanzania Hopes UAE Event Will Boost Housing

August 4, 2014

Tanzania is hopeful that the recent Real Estate Investors Forum held in Dubai will encourage more investment in local housing stocks.

David Misonge Shambwe (pictured below) the acting Managing Director of the National Housing Corporation (NHC) said, "I am sure that the forum will pave the way for giant investors from Dubai to come in Tanzania for crucial investment development."

He said that the historic event organised by the government, was the first of its kind for Tanzania and officiated by the Vice President Mohammed Gharib Bilal.

and in attendance were some of the key decision makers from the Middle East's most powerful development firms such as Dubai's Damac, Nahkeel, Jumeirah and Emaar.

"Tanzania presents a unique opportunity in regards to property investment in Africa. Because of the high level of transparency coupled with political stability and the general peaceful nature of Tanzania as well as a growing economy and a supportive government partnership which are all key factors for success that investors are looking for," said Shambwe.

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Source: AllAfrica

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