The 21st Buildexpo Tanzania 2018 - Mega Trade Expo on Building & Construction Products, Equipment. & Machinery, is the largest trade event held annually in Tanzania. The exhibition attracts exhibitors from more than 30 countries and visitors from all over East & Central Africa, thus giving exhibitors an excellent opportunity to explore several countries in one time.
Over the past few years, Tanzania has emerged as a major regional trade centre. This is mainly due to the very friendly business atmosphere it offers to foreign investors and products. Duties are considerably low and re-export taxes to neighboring countries are either very low or exempted.
Hosted at the Diamond Jubilee Expo Center and celebrating the 21st edition, With as much as 200+ exhibitors spread out over a 10,000 square mts. of exhibition space, the 21st edition of BUILDEXPO AFRICA offers a nearly 60% increase in size from last year. More than 200+ exhibitors will be comfortably accommodated at the venue with a special showcase of the open display of machinery
The Conference Center is one of the leading centers in East Africa that host the award winning and successful international business meetings, seminars and conferences every year. Being conveniently situated in the prime location the centre is easily accessible from various important places of the city.
The construction industry is a sector of the economy that transforms various resources into constructed physical economic and social infrastructure necessary for socio-economic development. The Tanzania building & construction industry continues to be the most exciting and developing sectors in the economy of the country, attracting thousands of investors.
The 21st BUILDEXPO AFRICA 2018 attracts top industry professionals from all over Africa, including Builders, Developers, Importers, Architects, Consultants, Engineers, Manufacturers and Investors. This mega expo is the ideal forum for international companies to showcase their products and services to the huge market in Africa.
The United Republic of Tanzania is located in eastern Africa on the Indian Ocean between Mozambique and Kenya. Tanzania is home to two renowned tourism destinations - Africa's highest mountain, Kilimanjaro, and wildlife-rich national parks - the Serengeti. Dar es Salaam, literally "the residence of peace"; is the largest city of Tanzania and the largest city in eastern Africa by population, as well as a regionally important economic centre. the city is the third fastest growing in Africa. The city contains high concentrations of trade and other services and manufacturing.
Organized by EXPOGROUP Worldwide, the show had exceptional visitor footfall ensuring beneficial interactions for exhibitors with a wide variety of potential business prospects. The expo saw a strong international presence with participants from as many as 30 countries exhibiting their products. As the leading International Exhibition in the East African Region for the Building and Construction Industry, the 20th BUILDEXPO AFRICA 2018, set new records with an overwhelming response of Trade Visitors and Exhibitors from across the globe making it East Africa's most successful event. As a proven platform for business to business, the exposition showcased latest developments in the Building and Construction Industry. Stakeholders from various organizations, decision makers from the end user industries as well as industry observers and experts interacted with each other, making the event an excellent platform for networking and relationship building. Exhibitors identified the immense potential of the East African market while the visitors were exposed to explore various new business options.
The exhibition witnesses participation from industry leading Exporter, Importers, Distributors & Retailers Manufacturers, Architects, Consultants & Engineers Miners & Contractors Property Developers Interior Designers Government Building Administrations Government Agencies Bulk Consumers like Hotels, Hospitals, Landscapers, Malls etc, making it and recognized as the brand leading, long-standing and highly successful building & construction exhibition and reputed as the biggest trade event of its kind in Africa,
BUILDEXPO delivers outstanding value and quality for all stakeholders. The event aims at providing an opportunity for companies to source new products, equipment & technology worldwide, to update their existing customers/ agents, to launch new products and have special offers, to learn and enhance export & import trade in order to capture an available privileged and ready EAC market while consolidating and strengthen distributorship network worldwide.
The event also enjoys the endorsement, support and sponsorship of various associations and government bodies including the National Housing Corporation (Tanzania), East African Chamber of Commerce Industry and Agriculture, Dubai Exporters, Afrotrade, Construction Review Online, along with international support from the PHD Chamber of Commerce and Industry (India) and the Africa Plant and Equipment Magazine,
Tanzania is on the road to progress and is fast becoming the preferred gateway to Africa. Tanzania is also an important stop in the Chinese funded Silk Road project because it is a historic and natural part of the Maritime Silk Road, and it is a landing point of the Belt and Road in Africa. More importantly, Tanzania gains significance because of its special traditional friendship with China built since history. In 2015, the Chinese government selected Tanzania as a pilot country for China-Africa capacity cooperation. Currently, China is the largest trade partner and project contractor of Tanzania, and a major source of FDI. A large number of state-owned and private companies with strong capital, technical and management capacity are taking part in Tanzania’s industrialization. The outcomes of China-Tanzania cooperation can be seen in various sectors of the economic development and all the aspects of people’s livelihood in Tanzania.
Tanzania has sustained relatively high economic growth over the last decade, averaging 6–7% a year. At 7%, in 2016, Tanzania’s economy expanded quickly, putting it close to the top of the fastest growing economies in Sub-Saharan Africa. This expansion softened during the last quarter of 2016, however, and continued to do so into 2017. The Tanzanian government has reoriented public expenditure toward development spending, reducing recurrent expenditure significantly, and intensifying efforts to mobilize domestic revenue. Government spending was cut back, and a cap put in place on the salaries of executive officers. Measures were introduced to control tax exemptions.
At 5.2%, the inflation rate has remained low and close to the Government’s medium-term target of 5%. This recent decline in headline inflation (from March/April’s 6.4%) has been driven by lower food and energy prices.
The current account deficit also declined to about US$1.5 billion (equivalent to 3.1% of GDP) in June 2017, from about US$1.9 billion (equivalent to 4.2% of GDP) in June 2016. The value of exports dropped by 6.2% in the year ending June 2017, compared to the year ending June 2016, while the value of imports dropped by 16.7% over the same period.
In an attempt to boost growth in credit to the private sector and ease tight liquidity, the Bank of Tanzania reduced the discount lending rate from 16% to 12% in March 2017, and followed it with another reduction to 9% in August 2017.
The fiscal deficit declined to 3% of GDP, its lowest level over the past seven years. This resulted from increased domestic revenue mobilization and controlled recurrent expenditures.
Tanzania's economic prospects depend on investment in more infrastructure, as well as improving the business environment, increasing agricultural productivity and value addition, improving service delivery (to build a healthy and skilled workforce), and managing urbanization. With approximately 800,000 youth entering the labor force every year, nurturing a vibrant private sector to provide productive jobs is critically important.
The country has embarked on its second Five Year Development Plan, 2016/17 to 2020/21 (FYDP II), which picks up on interventions which fell short under MKUKUTA II and FYDP I. Based on a credible, realistic financing plan, the country’s fiscal and debt sustainability will be maintained. The private sector will be leveraged, not only as a source of financing for FYDP II through public private partnerships (PPPs), but also as the actual driver of industrialization.
Over the years, we have grown to cater to the demands of not just the Tanzanian market, but of the whole region of East Africa. This mega expo is the ideal forum for international players to showcase their products and services to the huge market in Africa.
The exhibitions receive visitors from across East Africa, and trade visitors are invited directly in collaboration with regional trade bodies in Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique and Congo. Tanzania is certainly one of the major markets in Africa, but Buildexpo also lays strong emphasis on attracting traders and importers from neighboring countries.
The BUILDEXPO AFRICA - Tanzania provides an opportunity to conduct Business to Business interactions with some of the major companies in the industry,
The exhibition will also present other exciting components such as the Heavy Equipment & Machinery and the latest technological advancements in the industry which will be displayed at the venue. The event is set to be the largest in East Africa and is expected to draw the most innovative solutions providers and the best of technologies.
So, if you are in the Building & Construction industry, here’s your chance to meet the best in the market at one place and time!
BUILDEXPO AFRICA 2018