• 2026.03.10 (Tue)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
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

  • AI Vision: New Neuromorphic Chip Detects Motion 4 Times Faster Than Human Eye

  • Shinsegae Department Store Hits Record 7.4 Trillion KRW in Sales, Driven by Strategic "Landmark" Investments

  • New Frontier in Hospital Infection Control: Korean Researchers Unlock Pre-emptive Immune Defense

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

Comments 0

Weekly Hot Issue

  • KEXIM Ignites 'K-Finance' with 450 Billion Won Support for Taihan Cable’s Submarine Plant
  • Japan Approves World's First iPSC-Derived Therapies: A New Era for Regenerative Medicine
  • South Korean Steelmakers on the Brink: Scrambling for Survival Amid Rising Nighttime Electricity Rates
  • Doosan Robotics to Supply 100+ Robot Solutions to Kwangjin Group, Accelerating Global Manufacturing Innovation
  • KOSPI Plummets Over 8%, Triggering Circuit Breaker for the 8th Time in History
  • "AI Era Security: Data Lifecycle Management Over Perimeter Defense"

Most Viewed

1
Adwa’s Echo in Korea: A Shared Story of Dignity and Freedom
2
2026, The Grand Year of Hangeul Celebration — The River of History Where Five Streams Converge
3
A New Milestone for Ukraine’s Post-War Reconstruction: The Birth of ISVP
4
Mexican currency and the powerful history behind its designs
5
About mexican food 
광고문의
임시1
임시3
임시2

Hot Issue

KASA Selects 9 Partners Including LG and SK Hynix for Space Verification Satellite No. 3

Apple's Next Leap: Will the 'MacBook Ultra' with OLED and Touch Support Redefine the Premium Laptop Market?

KEXIM Ignites 'K-Finance' with 450 Billion Won Support for Taihan Cable’s Submarine Plant

Doosan Robotics to Supply 100+ Robot Solutions to Kwangjin Group, Accelerating Global Manufacturing Innovation

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers