Rising investments in tourism impresses Mwinyi

ZANZIBAR: PRESIDENT Hussein Mwinyi has highlighted a significant increase of investors in the tourism sector, contributing to the country’s economic growth and national development.

According to Zanzibar Investment Promotion Authority (ZIPA), in the four years of the eighth phase government, ZIPA has registered over 430 investment projects valued at approximately 5.9 billion US dollars (about 14.6tri/-), which are expected to create 25,000 job opportunities.

President Mwinyi said that the rise in the number of investors also leads to a rise in tourists visiting the country, thereby creating direct and indirect jobs to uplift people’s lives.

President Dr Mwinyi made the remarks while laying the foundation stone for the construction of the SSPD-BUHAIRAN Hotel at Bwejuu, South Unguja Region, owned by an investor from the United Arab Emirates.

The launch of the project is part of the celebrations to mark the 61st anniversary of the Zanzibar Revolution.

“Benefits of tourism are extensive for the country in various economic areas, I urge citizens to continue supporting the government’s investment initiatives by showing hospitality to investors in different regions,” he said.

“Tourism creates job opportunities for youths – both directly and indirectly, enables access to markets for goods produced by farmers and fishermen, leading to increase in national revenue, this is good for us,” he added.

Speaking about the investment of the hotel, which he described as of high-standard, Dr Mwinyi said that its opening will pave the way for Zanzibar to receive more visitors from the UAE and Middle East.

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He also commended the people of Bwejuu and the Unguja South Region for their readiness and hospitality in welcoming investors.

Unguja South region Regional Commissioner (RC) Mr Ayoub Muhammed Mahmoud, on behalf of the citizens appealed to the President for the construction of a threekilometre tarmac road from Michamvi East to Michamvi West.

Speaking at the ceremony on behalf of the project’s owner and investor, Dr Muhammed Omar thanked the government for approving the project, which he said will benefit local residents by creating 500 job opportunities, contributing to the national economy.

Executive Director of the Zanzibar Investment Promotion Authority (ZIPA), Saleh Saad Muhammed said the registered investments are expected to create 25,000 job opportunities.