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| Zanzibar President, Dr. Hussein Mwinyi speaks during the signing of a Memorandum of Understanding for conducting feasibility studies for a fishing port as well as power generation projects at State House in Zanzibar yesterday. |
Zanzibar's blue economy initiatives received a huge boost yesterday after the Isles government signed a Memorandum of Understanding (MoU) for conducting a feasibility study for the construction of a multimillion dollars fishing port, which is expected to bring major changes in the blue economy sector.
Zanzibar President, Dr. Hussein Mwinyi witnessed the signing of the deal, urging the public to utilise various opportunities that would emerge during and after the implementation of the grand project.
President Mwinyi said the signing of the MoU was a curtain raiser for a bright future in the Indian Ocean semi-autonomous archipelago.
The project aims at placing Zanzibar on Dubai and Mauritius levels as business hubs.
Twelve companies from five countries - Norway, Germany, Spain, South Korea and the United States are represented by INTERTORCO GROUP, headquartered in Madrid, Spain. INTERTORCO GROUP are involved in the implementation of the project.
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