The Government of Tanzania is set to attract major foreign investment following high-level talks between the Minister of State in the President’s Office for Planning and Investment, Professor Kitila Mkumbo, and the leadership of the international investment fund Sino American Global Fund (SinoAm LLC).
The discussions, held in London, United Kingdom, focused on SinoAm LLC’s readiness to invest up to USD 5 billion in Tanzania through Public-Private Partnership (PPP) arrangements.
The proposed investment will be implemented in phases and aligned with the Sixth Phase Government’s development priorities under the leadership of President Dr. Samia Suluhu Hassan. Key sectors targeted include large-scale infrastructure projects that support economic growth and regional competitiveness.
Professor Mkumbo commended the fund’s leadership for their strong commitment to investing significant capital in Tanzania, noting that the government continues to improve the business and investment environment to attract major global investors.
On his part, SinoAm LLC Chairman, Najib Choufani, said the fund has conducted an in-depth assessment of Tanzania’s investment climate and identified high-impact opportunities, particularly in the construction and operation of modern toll roads.
He further highlighted interest in Standard Gauge Railway (SGR) projects, as well as strategic transport and energy infrastructure critical to boosting economic growth and strengthening Tanzania’s position as a regional logistics hub.
Meanwhile, SinoAm LLC Chief Executive Officer, Tarek Choufani, stated that the fund brings extensive international experience in managing large-scale infrastructure projects. He emphasized that SinoAm is ready to deliver not only substantial capital but also technical expertise, modern management systems, and global best practices to support Tanzania’s long-term development goals.
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