THE CHINESE BASED SHUDAO INVESTMENT GROUP (SDIG)

The Chinese based enterprise, Shudao Investment Group (SDIG), has promised to cooperate with the government to enhance high-level exchanges by deepening cooperation further in various fields including infrastructure.

Speaking to reporters at the ongoing 46th Dar es Salaam International Trade Fair (DITF) in Dar es Salaam yesterday, SDIG managing director Hamid Idrissa Hamid mentioned other areas that the company eyes cooperation with the government are mining and clean energy. 

“Specifically, as an sincere old friend to Tanzania, SDIG with the Tanzania government and companies have been successful in cooperation in transportation and has witnessed progress since 2006. We are vowing to enhance high-level exchanges between SDIG and Tanzania, and deepen cooperation further in various fields not only infrastructure, but also mining, clean energy and so on. SDIG hopes to bring concrete benefits to Tanzania people and joins hands with African friends to jointly achieve a win-win future,” he said in a statement made available to the Daily News.

Mr Hamid said the company also promotes industry-finance integration, with seven types of financial-related licenses in mainland China, two financial licenses in Hong Kong (China) and one national property insurance license.


By 2025, he added, Shodao Group's total assets are expected to exceed RMB 1.5 trillion (approximately USD 222.3 billion), annual operating revenue to exceed RMB 300 billion (about USD 41.7 billion) and annual profit to exceed RMB 15 billion (about USD 2.1 billion).

Shudao, (literally meaning the road to Sichuan, famous for its difficult road conditions) spans ancient and modern times, and sees that transport connects the world.

Explaining the experience of the enterprise, the director said invested in, built and operated more than 10,800 kilometres of expressways and nearly 6.400 kilometers of railways.

“The company has world-class technology in transportation construction, particularly in areas such as large-span deep-water bridges, highway pavements and extra-long tunnels with challenging geology. The Shudao Group has built over 3,000 large bridges and more than 200 extra-long tunnels,” he insisted.



He offered a piece of Tanzanian traders not to fear foreign companies trading and investing in the country since it boosts competition which will subsequently enable locals to get goods and services at a competitive price.


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