Tanzaia Investment: Ujio wa Billionea Huyu Mkubwa Tanzania Umefikia Wapi? | JamiiForums | The Home of Great Thinkers

Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Tanzaia Investment: Ujio wa Billionea Huyu Mkubwa Tanzania Umefikia Wapi?

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by DSN, Aug 15, 2011.

  1. DSN

    DSN JF-Expert Member

    Aug 15, 2011
    Joined: Feb 2, 2011
    Messages: 2,745
    Likes Received: 76
    Trophy Points: 145
    Mukesh Ambani.jpg

    WORLD fourth richest person Mukesh Ambani through his conglomerate, Reliance Industries, intends to invest heavily in Tanzania's air transport and hospitality industries.

    Mr Ambani revealed this at the end of talks with the Minister for Natural Resources and Tourism, Mr Ezekiel Maige, at Serengeti National Park (SENAPA) on Sunday.

    The tycoon ended his three-day tour of SENAPA on Sunday.

    "I will be sending a special team to look into areas of investment here because Tanzania is becoming a very potential area for business," Mr Ambani told journalists.

    He said he was particularly targeting luxury hotels chain here to boost the growing tourism industry.

    Mr Ambani is at the moment investing over US $8 billion in the construction of a five-star property, the proposed 'Delta Hotel' in Nairobi, but considers to build several high class hotels in Tanzania.

    In Tanzania, Reliance Industries owns GAPCO oil. "We are going diversify our business by expanding into tourism sector as well," pointed out Mr Ambani who praised Serengeti as 'God's gift to Tanzania'

    He pledged to spearhead the establishment of direct air flights connecting Dar es Salaam or Kilimanjaro with Mumbai and other Asian destinations including Beijing, Shanghai and Tokyo.

    He said the flights would open up the local tourism industry to Asia and Middle-East countries.

    "Mr Ambani has promised either to do it alone or involve both the Tanzanian and Indian governments to link their important cities over the air to boost tourism and other trading or business opportunities between the two countries," added the tourism minister, Mr Maige.

    Ambani (53), is an Asian business magnate and the chairman and managing director of Reliance Industries, described to be the largest private sector enterprise in India and one of the largest private sector conglomerates in the world.
    His personal stake in Reliance Industries is reported to be 48 per cent.

    By July 2010, he was named the richest man in Asia and the fourth richest man in the world with a personal wealth of US$29.0 billion.

    On 29 October 2007, a strong rally in the Indian stock market and the appreciation of the Indian rupee boosted the market capitalization of all Reliance group companies, making Mr Ambani the world's richest man for a while in that year, with net worth climbing to US$63.2 billion, leaving Bill Gates behind at around $56 billion.

    According to Forbes Magazine forecasts, he is expected to regain the title of the richest man in the world in 2014.

    Kwa wanao fahamu ujio wa Billione huyu na miradi yake [Project] Tanzania umefika wapi?