Reports regarding Saudi Arabia’s acquisition of Tanzania’s Bagamoyo Port have sparked controversy, with conflicting statements from Saudi and Tanzanian officials. While the Saudi Press Agency (SPA) reported that the Saudi African Investment and Development Co. (SADC) had been granted concession and acquisition rights for the port, Tanzanian authorities have dismissed these claims, stating no such agreement has been signed.
According to Hassan Al-Huwaizi, Chairman of the Federation of Saudi Chambers of Commerce, the approval was part of SADC’s “East Gateway Project,” which aims to enhance Saudi Arabia’s global trade influence and strengthen economic ties with East Africa. The project is intended to position Bagamoyo as a central trade hub for the region, facilitating exports of African raw materials and imports of goods into the continent.
However, Tanzanian officials have refuted these claims. A senior government source, speaking anonymously to a local newspaper, stated that while discussions with Saudi investors had taken place, they focused on potential investment opportunities rather than a formal transfer of ownership. The official clarified that no agreement had been signed and that any future deal would follow legal procedures.
The speculation intensified after photos surfaced on social media showing Tanzania Ports Authority (TPA) Director General Plasduce Mbossa and other officials meeting with a Saudi delegation. Some reports suggested the images depicted an official handover, but Tanzanian authorities insisted they were from investment discussions, not a signing ceremony.
Despite the denial, Saudi Arabia’s interest in Bagamoyo Port aligns with its broader strategy to expand its presence in Africa, as highlighted during the Saudi-Tanzania Business Forum. The event, supported by the Saudi Chamber of Commerce, explored economic partnerships, including development projects in Zanzibar.
As of now, the Tanzania Ports Authority and the Ministry of Works, Transport, Planning, and Investment have not released an official statement addressing the conflicting reports.