Tanzania invites UAE to explore

President of Tanzania Jakaya Kikwete speaks during the Symposium on Global Agriculture and Food Security May 18, 2012

Come on over: President of Tanzania Jakaya Kikwete.

AFP/SCANPIX

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News Wires

 11 June 2012 03:20 GMT

Tanzania's president has invited investors from the United Arab Emirates to join the rush for oil and gas in the east African nation after recent gas discoveries along its coastline, the president's office said on Saturday.

Together with oil finds in neighbouring Kenya and Uganda, significant gas finds in southern Tanzania have raised the profile of the region in the global energy industry.

"We invite investors to come work with us in oil and gas exploration ... and even in investing in industries that will add more value by producing gas-related products," a statement from President Jakaya Kikwete's office quoted him telling a delegation from the UAE.

The delegation, which met the president on Friday, was led by the country's assistant foreign minister for economic affairs Khaled Ghanem Al-Ghaith,…

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