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 said 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 company’s interest in Tanzania, highlighting the need for port rehabilitation and the 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,” he stated.
Mudathir also mentioned that the group is actively seeking both government and private-sector partnerships in Tanzania. He stressed the importance of local partners with strong market and government connections, saying, “No one can do everything alone. We need partners who understand the local market and can align with our vision.”
Furthermore, he outlined Mabani’s commitment to affordable housing and sustainable construction, noting that the company maintains low profit margins to deliver impactful projects. “We keep profit margins low to deliver projects that change people’s lives,” Mudathir noted.