Tanzania, Dec. 5 -- Dar es Salaam. Seventy companies have signed memoranda of understanding (MoUs) to be part of the $3 billion Sino-Tan Industrial Park in Kibaha, Coast Region.

The project - which is being implemented by a Chinese company - is expected to be completed in 2024.

Upon completion, the facility will accommodate over 200 industries.

Speaking to The Citizen, the site engineer, Mr Alexander Nchaholuli, said although the names of the companies were yet to be disclosed, they expect that five out of the 70 entities will start operations by June 2023.

"This project is expected to bring in nearly $6 billion in revenue annually when completed.

"So far the government has provided support in terms of infrastructure. As you may be a...