Zanzibar Launches Ambitious Islet Development Strategy with Strict Three-Month Deadline for Investors
Zanzibar President Implements Aggressive Investment Acceleration Plan for Coastal Islets
In a bold move to maximize economic potential, Zanzibar’s President has issued a critical ultimatum to investors holding leases for undeveloped islets. Investors now have three months to commence construction or risk losing their investment rights.
The government’s strategy targets transforming the region’s 50 small islets into world-class tourism and hospitality destinations. Currently, 20 islands have been leased, with 16 allocated to investors at a combined value of $380 million. However, only three islets have shown significant development progress.
Bawe Islet, located ten kilometers from Stone Town, emerges as a showcase project. Featuring cutting-edge infrastructure including a desalination plant and solar energy systems, the $42 million development represents the government’s vision for sustainable tourism.
Key highlights of the initiative include:
– Strict three-month construction deadline for investors
– Focus on local community involvement
– Commitment to skills training for local workforce
– Attracting high-end tourism investments
Recent investment data demonstrates the strategy’s potential, with 424 projects valued at $5.9 billion generating 22,399 jobs over the past three years.
The government emphasizes its commitment to creating a conducive investment environment by reducing bureaucratic barriers and streamlining legal frameworks. With only three islets currently developed, the aggressive timeline signals Zanzibar’s determination to unlock its full economic potential.
“Our vision is to transform these islets into world-class destinations that will boost our economy and improve local livelihoods,” the President stated, underscoring the comprehensive approach to economic development.
