Tanzania has taken a major step in its industrialisation agenda after the Tanzania Investment and Special Economic Zones Authority signed a land lease agreement with HWTZ SEZ Limited for the establishment of a large-scale industrial complex at the Bagamoyo Eco Maritime City.
The project, valued at about $3 billion, will be implemented on 500 hectares equivalent to five percent of the Bagamoyo Special Economic Zone and the land has been leased for 33 years in line with Tanzania’s investment laws.
Speaking in Dar es Salaam on April 9, 2026, TISEZA Director General Gilead Teri said the development will focus on building modern industrial infrastructure, including roads, water systems and reliable electricity, with part of the energy coming from renewable sources such as solar power.
He said the first phase of the project is expected to deliver at least three factories before the end of 2026. These will include plants for vehicle assembly, fishing boat production, motorcycles, building materials and metal spare parts.
The investment is projected to generate more than 5,000 direct jobs, especially for young people, while also transferring modern technologies to the local economy.
The vehicle assembly plant will run on clean natural gas, supporting the use of domestic energy resources and reducing dependence on imported fuel.
Mr Teri emphasised that land for investment in Tanzania is not sold but leased under strict conditions to ensure investors implement their commitments.
He called on Tanzanians to seize the opportunity, noting that local investors are equally encouraged to participate, either individually or through joint ventures.
The Bagamoyo project is part of wider government efforts to strengthen Tanzania’s industrial base and position the country as a competitive investment destination in East Africa.
