Algiers: Mabani Holding Group, a Saudi-based construction and real estate company, has set its sights on Tanzania as its next major investment destination, citing the country's fast-growing demand for modern infrastructure and housing. Speaking on the sidelines of the Intra-African Trade Fair (IATF2025) in Algiers, Mabani Holding CEO Eng. Faris Mudathir highlighted the company's interest in the East African nation.
According to Nam News Network, the company is already backed by the Saudi Exim Bank and the Saudi Fund for Development, institutions that are keen to finance large-scale projects across Africa. Mudathir emphasized the need for rehabilitation of Tanzania's ports and acknowledged the high demand for infrastructure and buildings in the region. "We see Tanzania as a promising area for the future and we want to be part of that growth," Mudathir stated.
Mudathir also mentioned that the group is seeking both government and private-sector partnerships in Tanzania, underscoring the importance of local partners with strong market and government ties. "No one can do everything alone. We need partners who understand the local market and can align with our vision," he explained.
He further noted that Mabani's approach focuses on affordable housing and sustainable construction. "We keep profit margins low to deliver projects that change people's lives," Mudathir added.