Zanzibar is stepping up efforts to attract international investment and expertise to accelerate major development projects aimed at improving public services, creating economic opportunities and raising the living standards of its people.
President of Zanzibar and Chairman of the Revolutionary Council, Dr. Hussein Ali Mwinyi, held discussions with leaders of several South Korean institutions and companies in Seoul on October 30, 2026, focusing on financing, investment and technical cooperation for strategic projects across the islands.
The meetings brought together representatives of K-FINCO, HEERIM, Sejong Plant, SAMOO C.M. Architects & Engineers and Sung Shin Rolling Stock Technology Ltd. (SSRST).
Discussions focused on key development sectors, including port infrastructure, maritime transport, roads, urban development, energy, tourism and industrial investment.
The proposed Binguni Referral Hospital and Zanzibar International Meetings and Exhibition Centre (MICE) were also among the projects discussed.
The proposed investments are expected to support Zanzibar's development priorities by improving transportation networks, strengthening healthcare infrastructure, expanding tourism opportunities and creating a more favourable environment for businesses and investors.
The discussions also explored cooperation in providing clean and safe water, improving wastewater management, investing in modern cold-storage facilities for fishery products and connecting local producers to international markets.
Improved fish-storage facilities, in particular, could help reduce post-harvest losses, protect the quality of fish products and enable fishermen and traders to access wider markets and earn better incomes.
In another important development, Sung Shin Rolling Stock Technology Ltd. expressed interest in partnering with the Revolutionary Government of Zanzibar to support plans to revive passenger and tourism railway services.
The initiative could provide additional transport options, improve mobility and create new opportunities for tourism-related businesses and communities.
Dr. Mwinyi emphasised the importance of continuing technical discussions with the companies to establish practical implementation strategies and identify appropriate financing arrangements for the proposed projects.
He stressed that the partnerships should proceed in accordance with government procedures to ensure that investments are properly planned and deliver meaningful benefits to Zanzibar.
The engagement forms part of Zanzibar's broader efforts to attract strategic investors, strengthen international partnerships and mobilise financial and technical resources for projects that directly respond to people's development needs.
Through these initiatives, the Revolutionary Government of Zanzibar seeks to strengthen essential services, stimulate business activities, create employment opportunities and build infrastructure that supports sustainable economic growth and improves the quality of life for citizens.