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News

15 April 2013

Chinese Conglomerate to invest in Serengeti Park

By Pascal Shelutete

Tanzania delegation and Chaoyang District Commission of Tourism in Beijing pose in a group picture after their official talks

A Chinese millionaire with capital worth over 700 million US dollars, Mr. Zhou Yi has shown interest to build a luxurious accommodation facility in Serengeti National Park. Zhou declared his interest yesterday before the Tanzanian delegation visiting China to look for prospective Chinese investors in the tourism sector.

Zhou who owns a very successful business company in China said that, he visited Serengeti in March this year and was very much attracted by the beauty of the place. “It is a coincidence to have met here and I can assure you that I have been impressed by the park and I am now in the initial stages of applying for an investment site in the area to put up a modern accommodation facility to help increase the number of beds.

Mr. Zhou is the owner of the Hengxu Group of Companies with headquarters in Sichuan Province specializing in the production of various building materials; industrial packaging materials and financial services.  The company employs over 7,000 people.

The Tanzanian delegation was participating in the Chinese Outbound Travel & Tourism Market (COTTM) that took place from 9-11 April 2013. The team is now conducting Road Shows in Beijing, Shanghai and Guangzhou cities to lure Chinese tourists and investors to Tanzania.

In Beijing the Road-Show attracted a big number of investors who were impressed by the existing investment procedures especially in the protected areas. They are thinking of visiting the country to have an on the spot experience of the areas before they decide to invest there.

Earlier on, both the Tanzanian Ambassador in China Mr. Philip Marmo and Deputy Permanent Secretary in the Ministry of Natural Resources and Tourism Ms. Nuru Millao had assured the participants that Tanzania is the best place to visit and see the natural attractions which the country is uniquely blessed with after Brazil.

Chinese investors have been encouraged to take the advantage of the country’s political stability and the prevailing peace to invest in Tanzania.

Attended by both government, Embassy officials and private sector stakeholders from Tanzania, road-show in Beijing presented various investment opportunities in the country especially in big cities, protected areas of National Parks; Ngorongoro Conservation Area and Archaeological Heritage sites.

Tanzania delegation and Chaoyang District Commission of Tourism in Beijing pose in a group picture after their official talks