Egyptian Industrial Complex to Be Built in Tanzania
The Egyptian Industrial City’s (EIC) new regional manufacturing and export hub marks a milestone for the cooperation between Egypt and Tanzania, bolstering Egypt’s economic expansion into Africa.
Egypt’s Elsewedy Electric is establishing the ‘Elsewedy Industrial Complex’ in Tanzania’s Kigamboni region. The Egyptian Industrial City’s (EIC) new regional manufacturing and export hub marks another milestone for the cooperation between Egypt and Tanzania, bolstering Egypt’s expansion into Africa and paving the way for further investment across the continent.
Spanning a 120,000-square-metre area, this new complex encompasses numerous plants for producing wires, cables and PVC, as well as a 4,800-square metre logistics centre. Made possible by a USD 35 million investment, the complex will not only produce the necessary solutions and equipment for Tanzania’s 2025 manufacturing strategy but also generate more than 50,000 jobs for engineers and technicians. The massive industrial city aims to attract more than 400 million worth of investments from more than 100 regional players with vested interest in Africa’s rapid industrialization.
This landmark achievement is the latest in a number of developmental projects underway in many African countries, the most notable being the Julius Nyerere Hydroelectric Power Project in Tanzania. This new dam will provide 2,115 mw of clean power to more than 60 million Tanzanians while also mitigating the flooding of the Rufiji River.
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