Foreign investors have said that they are attracted by investment opportunities in Tanzania, with many promised to comeback and collaborate with local investors.

AS the 48th Dar es Salaam International Trade Fair (DITF) come close to an end, foreign exhibitors, mostly companies from 26 nations, have participated in the trade fair which was inaugurated on July 3, 2024 by President Samia Suluhu Hassani.

China is one of the countries that participated in the trade fair with a wide range of participating Chinese companies namely FAW, Hong Yan and XCMG engaged in the supply of mining and construction machinery.

At the international trade fair, the Chinese company that sells and distributes construction machinery and mining machinery acknowledged to have being attracted by the favorable investment and business environment set by the government.

The attractive business environment has been an incentive for foreign investors to continue investing reasonable capital in the country’s economy in collaboration with local companies.

Speaking during the special trade fair day for Chinese products, Director XCMG East Africa, Zhang Wenyang congratulated the government for being supportive to foreign investors.

In strengthening its dominance in the local market, he said the company has reached a decision to sign an agreement with GF Trucks & Equipment Ltd, the Kibaha based vehicle assembler to supply the company's machines and equipment brands in this country.

Wenyang said the company has been a key player in supplying the market with XCMG products in Tanzania for 17 years now.

"We have signed an agreement to continue being suppliers of machines and equipment produced by our company here in Tanzania," said Wenyang.

GF Trucks, Mehboob Karmali, Board of Directors Chairman said that the company has been trusted by the Chinese world class machinery brand due to its efficiency in assembling vehicles and machineries.

He said the company has been holding seminars for drivers and operators to address and fix technical faults in relation to machineries.

"We have deployed experts to fix machines and vehicles with technical faults in the mines of all our customers. We have also been offering technical training for machine operators to our customers," he said.

Recently, GF opened offices in the South, North and Lake Zones with the intention of reaching its customers easily.

 The company has hired an after-sale service team that reaches out to the customer quickly when it faces technical challenges in the operation of the machines.