Establishment Of A Commercial Boat Building And Maintenance Factory In Zanzibar.
Total Investment: USD 5.7 Million
The project seeks to establish a commercial boat building and maintenance facility in Zanzibar to support fisheries, tourism, and marine transport. It will reduce reliance on imported vessels while enabling the transition to modern, efficient, and environmentally sustainable marine fleets.
Key Components
• Construction of a boat manufacturing and maintenance facility
• Production of modern, durable vessels suited to local conditions
• Provision of repair, servicing, and retrofitting services
• Integration of modern marine technologies and standards
• Joint Venture structure with government participation
Investor Value
• First-mover advantage in a high-demand, underserved maritime market
• Reduced import dependency, creating strong local market capture
• Demand driven by fisheries, tourism, and transport sectors
• Opportunity for technology transfer and skills development partnerships
• Government-backed JV structure with policy alignment
Impact
• Increased availability of high-quality, locally built vessels
• Reduced costs and downtime for marine operators
• Creation of skilled jobs and technical capacity
• Improved maritime safety and operational efficiency
• Reduced pressure on mangrove forests and environmental resources