Tremendous progress on investment promotion as TIC Signs performance contract with 10 strategic investors.

For the first time in history TIC The ten strategic and masterful projects that will sign performance contracts with TIC today are as follows:

1. The first project is the Sinotan Industrial Park project being implemented in Kwala, Coast Region. This project is an industrial park and is expected to have over 200 industries within the project once completed. The project is expected to cost USD 327 million and create about 2,000 direct jobs and 50,000 indirect jobs.
2. The Kilombero Sugar project being implemented in Morogoro Region. This project involves the expansion of sugar cane farming and a factory for sugar production. It is expected to cost USD 238.5 million and create about 1,404 new direct jobs and 15,000 indirect jobs. The factory, after expansion, will have the capacity to produce 271,000 tons of sugar, thereby reducing the need for sugar imports.
3. The WILMAR project being implemented in Kihonda, Morogoro. This project involves grain processing and is expected to cost USD 51.5 million and create about 360 new direct jobs and 1,000 indirect jobs. The factory will have the capacity to produce 271,000 tons of rice, thereby reducing the need for rice imports. There will be 38 centers for receiving paddy from farmers, thus increasing the market for our farmers. The project, once completed, will have the capacity to process 1,150 tons of paddy per day, and it is expected to earn the country about USD 50 million annually from the export of this product.
4. The expansion project of Lake Cement production factory being implemented in Kigamboni, Dar-es-salaam. So far, this project has invested approximately USD 101 million. The investor plans to expand the factory by investing an additional USD 26 million, making the total project value USD 127 million. The project creates 401 direct jobs and is expected to create 450 indirect jobs once completed. After the expansion, production will increase to 1,000,000 tons per year.
5. The project of processing and storing LPG Gas and Gas infrastructure by Oilcom being implemented in Dar es Salaam. This is a gas processing project and upon completion, it is expected to cost USD 111.87 million and create about 1,600 direct jobs and 160,000 jobs resulting from the project's value chain. The project expects to have the capacity to receive and store 15,000 tons of gas, thus increasing the nation's gas storage infrastructure capacity and enabling various institutions such as schools, colleges, military camps, hospitals, hotels, and others to reduce energy costs and protect the environment by using clean and environmentally friendly energy.
6. The Wild Flower and Oil Mills project being implemented in Manguanyuki, Singida. This is an edible oil processing plant project and upon completion, it is expected to cost USD 24 million and create about 190 direct jobs and 400 indirect jobs. The factory will have the capacity to produce 75 tons of oil per day, thus reducing the need to import oil from abroad.
7. The Mufindi Paper Mills project being implemented in the Kigoma region. This is a sugarcane farming and factory project for sugar production, and upon completion, it is expected to cost USD 320 million and create about 3,000 new direct jobs and 2,000 indirect jobs. The factory, after completion, will have the capacity to produce 340,000 tons of sugar, thus reducing the need to import sugar from abroad.
8. The Lodhia Steel project being implemented in Mkuranga, Coast Region. This is a roofing sheet production factory project and upon completion, it is expected to cost USD 45 million and create about 400 direct jobs and 150 indirect jobs. The factory will have the capacity to produce 140,000 tons of roofing sheets per year.
9. The Dangote Cement project being implemented in the Mtwara region. and
10. The Mount Meru Millers project being implemented in the Singida region. These two projects, Dangote Cement and Mount Meru Millers, are existing strategic investment projects and today we witnessd them signing addendum for the performance contracts.