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Dar es Salaam, Tanzania: City Snapshot

The Tanzanian government investment into infrastructure development in and around Dar es Salaam is aimed at promoting economic expansion. 40% of the government’s 2017/2018 budget has been allocated to key infrastructure projects. The country’s economic growth and stability will attract foreign investment.

Despite high inflation and interest rates, the real estate sector continues to see growth. There is an increase in the demand for high quality office accommodation, whilst the retail sector may take some time to evolve, mainly because the city is largely populated by low income earners. Nonetheless, there are still opportunities for retailers but location will be a key factor.

Oxford Economics forecasts Foreign Direct Investment to grow by 8% in 2017, and economic growth at on average 6.9% between 2016 and 2020. Economic growth can be expected to remain solid due to continued investment in infrastructure through Tanzania’s resource wealth as well as its diversifying economy.

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