• 2025.09.13 (Sat)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > World

Tanzanian Government Denies Sale of Bagamoyo Port to Saudi Arabia

Hee Chan Kim Reporter / Updated : 2025-02-14 12:36:42
  • -
  • +
  • Print

DAR ES SALAAM – The Tanzanian government has refuted reports circulating on social media claiming the sale of Bagamoyo Port to the Saudi Arabia Development and Investment Company (SADC). The speculation arose after photos surfaced online showing Tanzania Ports Authority (TPA) Director General Plasduce Mbossa with a Saudi delegation, leading to assumptions of an official handover. Adding to the confusion, the Saudi Press Agency (SPA) quoted a Saudi official stating that Tanzania had granted SADC ownership and operational rights to the port.

However, a high-ranking Tanzanian government official, speaking anonymously to the Daily News, dismissed these claims as false. "The information is false," the official stated. "While TPA officials and some government ministers attended the meeting with investors from Saudi Arabia, the discussion was about a joint business plan, not the transfer of port ownership." The source emphasized that no formal agreement has been signed. "We want to inform the public that the images being shared were taken during investment discussions, not a handover ceremony. Any official signing will only take place if an agreement is reached in accordance with legal procedures," the official clarified.

Saudi Arabia's interest in Bagamoyo Port is reportedly part of its East Gateway Project, an initiative aimed at solidifying its position as a global trade hub and expanding its African investments. During the Saudi Arabia-Tanzania Business Forum, supported by the Saudi Chamber of Commerce, officials from both nations explored various investment opportunities, including development projects in Zanzibar. This aligns with Saudi Arabia's broader strategy to increase its presence in African markets.

As of now, neither the Tanzania Ports Authority (TPA) nor the Ministry of Works, Transport, Planning, and Investment has released an official statement regarding the matter.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Hee Chan Kim Reporter
Hee Chan Kim Reporter

Popular articles

  • Immerse Yourself in African Culture at the 8th Seoul Africa Festival

  • Nourishing Futures: Tanzania Launches Nationwide Push for School Feeding

  • A Generation on the Rise: Tanzanian Youth Urged to Lead the Way to National Prosperity

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065584098168380 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Gongju Revives 'Boarding House Village' for Season 2, Building on Nostalgic Success
  • Chungcheongnam-do Wins Bid to Host 110th National Sports Festival After 13-Year Hiatus
  • Incheon Commemorates 75th Anniversary of Historic Landing Operation with Maritime Tribute
  • Korean Archer Kang Chae-young Ends 10-Year Wait for World Championship Gold
  • Sambu E&C, Linked to Kim Keon-hee Stock Allegations, to Be Put Up for Public Tender
  • South Koreans’ Vegetable Intake Plummets, Blaming 'Mushy' Eggplant

Most Viewed

1
Sexual Misconduct Controversy in the Cho Kuk Innovation Party: The Repeated Lack of Self-Purification in the Political Sphere
2
Immerse Yourself in African Culture at the 8th Seoul Africa Festival
3
South Korea Takes Emergency Action as Historic Drought Grips East Coast City
4
Despite Climate Challenges, Paraguay Successfully Hosts Hot Air Balloon World Championship: Brazil and Japan Teams Share Victory
5
Autumn, filled with the melodies of the ukulele, arrives in Seoul! The 20th Seoul International Aloha Ukulele Festival opens.
광고문의
임시1
임시3
임시2

Hot Issue

BLACKPINK's Jennie Teams Up with Stanley for a Highly Anticipated Tumbler Collaboration

South Korea's COVID-19 Hospitalizations Soar into September, Marking 10-Week Surge

Samsung's AI Prowess Dominates South Korea, but Lags on the Global Stage

AI Boom Fuels Memory Market Growth

China’s online public opinion manipulation goes beyond Korea

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • 우리방송
  • APEC2025가이드북TV
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE