Turkiye’s IC & Holding explore investment opportunities in Tanzania’s infrastructure, industrial development

ANTALYA: TANZANIA  and Turkish company IC & Holding have discussed strategic investment opportunities in infrastructure and industrial development, with the aim of stimulating economic growth through Public-Private Partnerships (PPPs).

The discussions took place between Minister for Finance, Ambassador Khamis Mussa Omar, and the company’s management on the sidelines of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), being held in Antalya, Türkiye, from November 9 to 20, 2026.

During the meeting, the two sides explored ways of leveraging Turkish companies’ expertise and experience to develop strategic projects in Tanzania, particularly through the PPP framework.

Industrial development was among the key areas discussed, with IC & Holding’s management highlighting Türkiye’s 50-year experience in managing and developing industrial zones across various cities.

The company noted that the model could be adapted to Tanzania’s local conditions to make industrial development a key driver of economic growth and national development.

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On infrastructure, discussions focused on investment opportunities in the mining, agriculture, water and energy sectors, with particular emphasis on transport infrastructure.

It was revealed that six roads in Tanzania have already been earmarked for development under the PPP framework, with two of the projects having undergone detailed studies. Site visits are also expected to be conducted to further assess the investment opportunities.

Speaking during the meeting, Ambassador Omar emphasised that Tanzania is a strong and secure investment destination in the region, reaffirming the government’s commitment to working with investors in implementing projects that contribute to national economic growth.

He said the two sides had agreed to continue discussions involving relevant sectoral ministries and the company to identify areas of cooperation. The parties will also conduct visits to proposed project sites to obtain further information and assess the investment opportunities.

Established in 1969, IC & Holding is an international company with operations in various parts of the world, focusing on infrastructure development, energy, tourism and construction.

Also present at the meeting were Deputy Permanent Secretary in the Ministry of Finance, Asha Khamis Abdulla; Commissioner for External Finance in the ministry, Rished Bade; and senior officials from the Ministry of Finance and the Ministry of Foreign Affairs and East African Cooperation.