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.
According to Nam News Network, speaking on the sidelines of the Intra-African Trade Fair (IATF2025) in Algiers, Mabani Holding CEO Eng. Faris Mudathir revealed that 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 strategic interest in Tanzania by stating, "We are interested in working in Tanzania. The ports need rehabilitation, and there is high demand for infrastructure and buildings. We see Tanzania as a promising area for the future and we want to be part of that growth."
Mudathir also highlighted the group's pursuit of both government and private-sector partnerships in Tanzania. He underscored the necessity of collaborating with local partners who have a robust understanding of the market and government. "No one can do everything alone. We need partners who understand the local market and can align with our vision," he said.
Furthermore, Mudathir pointed out that Mabani's approach focuses on affordable housing and sustainable construction, aiming to make a meaningful impact on the communities they serve. "We keep profit margins low to deliver projects that change people's lives," Mudathir noted.