On the same remarkable day, H.E. Hon. President of The Republic of Tanzania Samia Suluhu Hassan also laid the foundation stone of the Egyptian Industrial City (EIC).
The Egyptian Industrial City is the first fully integrated industrial city in Tanzania intended to become a center for economic growth in Africa.
Built on 2.2 million square meters, the industrial park will accommodate labor-intensive industries from pharmaceuticals, through automotive, to textiles and agro-industries.
The park is aimed to attract over USD 400 M worth of investments from 4,100 investors across the region, which would create more than 25,000 jobs.
The industrial city is strategically located with access and proximity to the commercial capital Dar Es Salam, Julius Nyerere International Airport, Kamata Train Station, and Tanzania International Container Terminal as well as Elsewedy manufacturing plants.