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South Korean Investors Visited Tanzanian Export Processing Zones

May 1, 2014
2 minute read

A delegation of 44 South Korean potential investors from 22 large companies visited the Tanzanian Export Processing Zone (EPZ) facilities at the end of April 2014 and received a presentation regarding the investment opportunities available.

Potential investors visited an EPZ textile company – Tanzania Tooku Garments Co. Ltd, learned about opportunities in agribusiness, mineral value addition industries, energy, water, and service provision sectors in EPZA, and about the benefits of opening a plant in the EPZA as access to markets of East African Community (EAC), South African Development Community (SADC), and Common Market for Eastern and Southern Africa (COMESA).

The Korean delegation was led by the South Korean Ambassador to Tanzania, Mr Chung Hu, who explained his visit as following: “We want to strengthen our relations in all spheres of life including business and economic building”.

Dr Adelhelm Meru, Director General of Tanzania’s Export Processing Zones Authority (EPZA), remained satisfied by the meeting with potential investors and is hopeful that Tanzania would forge closer links with South Korea.

“We have been working with them for a long time and we are aware of their expertise in Information and Communication Technology (ICT)”, said Dr Meru, continuing: “We showed them attractions and explained the benefits of investing in EPZA areas”.

One of the South Korean delegation members, Mr Lee Kang Min, stated that after the EPZA presentation he expects to come back to Tanzania in the near future for actual deal signing.

Follow the link to read TanzaniaInvest.com exclusive interview with Dr Meru, Director General of EPZA:http://tanzaniainvest.com/industry-trade/interviews/585-epza

Follow the link to learn about the investment opportunities in manufacturing, industrial production and international trade currently available via EPZA:http://tanzaniainvest.com/exchange/1-investment/18-manufacturing-and-export

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