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MIGA
and the Tanzania Tourism Investment Forum
Background: Potential and investment opportunities
in abundance With tourism forecast to
grow to more than 1,6 billion international
arrivals worldwide and spending over US$2 trillion
by 2020, the public and private sector tourism
stakeholders in Tanzania are committed to gaining
their fair share of this massive future tourism
market. Being the home of
world-renowned attractions such as Kilimanjaro, the
Serengeti plains, Ngorongoro Crater, the Selous,
Kilwa and the beaches of Zanzibar, this is without
a doubt a country with major potential to become a
leading destination in the new millennium and to
capitalise on the key global market trends towards
ecotourism, adventure and cultural
experiences. At a consensus-building
workshop held in Dar es Salaam in July 2001,
involving more than eighty key public and private
sector tourism stakeholders in Tanzania, a shared
vision was reinforced to develop and promote
Tanzania as a sought after destination in Africa,
internationally renowned for its very own natural,
wildlife and culture experiences, ambience and
character. The outcome of the workshop,
together with a comprehensive baseline study and
report, forms the basis of a major tourism
investment drive for Tanzania. This drive is being
sponsored by the Ministry of Natural Resources and
Tourism with the support of the Multilateral
Investment Guarantee Agency (MIGA) of the World
Bank and the Development Bank of Southern Africa,
European Union delegation and Swiss Government and
builds on the European Union Master Plan for
Tanzania. As a follow-up, a
capacity-building workshop was held in September
2001 in preparation for the Investment Forum on
Tourism to be held in Arusha, Tanzania on 22nd -
24th October 2002. The focus of the conference will
be to expose serious international investors to the
quality and diversity of tourism development and
investment opportunities in Tanzania. According to Dr Ken Kwaku,
Programme Manager for MIGA Africa, this intensified
focus on Tanzania's tourism sector, could also be a
major building block in increasing tourism
investment in Africa at large, and moving towards
the vision of converting the natural and cultural
assets of Africa into the most sought after
products in the world. The role of MIGA The Multilateral Investment
Guarantee Agency (MIGA), which is a member of the
World Bank Group, was invited to partner with the
Government of Tanzania and the Development Bank of
Southern Africa (DBSA), The European Union and
Swiss Government to identify investment
opportunities in tourism and to help promote the
sector amongst investors. MIGA then put together a
team of experts who studied different aspects of
the tourism sector. Their findings were summarised
into a report. Click here to Download the Report.
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