The Revolutionary Government of Zanzibar has signed a landmark cooperation agreement worth $10 billion with Al Mansour Holding, a Qatari company owned by Sheikh Mansour Bin Jabor Bin Jassim Al Thani, a member of the royal family. The deal aims to drive large-scale strategic projects across key sectors of Zanzibar’s economy.
Zanzibar President Dr. Hussein Mwinyi hailed the agreement as a turning point for the Isles’ economy, saying it would accelerate projects requiring massive capital outlays. “Zanzibar has outlined priority projects for investment, and Qatar has agreed to support them,” he stated. “Honestly, $10 billion is a huge amount of money. It will help us achieve so much, including oil storage, port construction, convention centers, and other developments.”
The agreement will channel investment into the blue economy, tourism, oil storage, ports, and energy—sectors identified as central to Zanzibar’s long-term growth. Dr. Mwinyi expressed confidence that implementation would attract even more foreign investment and move projects forward faster than initially planned.
“This signing is just the beginning. What follows is execution, and we already have technical teams in place to move swiftly,” he added. Minister of State Shariff Ali Shariff described the agreement as a milestone that would see multiple projects come to fruition. “This is a step worth celebrating, as many critical projects will now be implemented through this cooperation,” he said.
Al Mansour Holding has recently made similar deals in several African countries, including DR Congo, Burundi, Zambia, Zimbabwe, Botswana, and Mozambique. The investment is expected to boost Zanzibar’s economic development and cement the region’s growing ties with Qatari investors.