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The Tanzanian real estate market is a rapidly growing sector, with an expected annual growth rate of 4.81% between 2023 and 2028. This growth is being driven by a number of factors, including:
A growing population: Tanzania's population is expected to reach 80 million by 2025, creating a strong demand for housing.
A booming economy: Tanzania's economy is one of the fastest growing in Africa, with a GDP growth rate of 7% in 2022.
Increased foreign investment: Foreign investors are increasingly interested in the Tanzanian real estate market, attracted by the country's high returns and low risk profile.
The value of the Tanzanian real estate market is expected to reach US$620.20 billion in 2023 and US$784.40 billion by 2028.
Tanzania Real Estate Government Procurement
The Tanzanian government is a major player in the real estate market, procuring a variety of products and services, including:
Construction of new buildings: The government is investing heavily in infrastructure development, including the construction of new schools, hospitals, and government offices.
Renovation of existing buildings: The government is also renovating and upgrading existing buildings to improve their quality and functionality.
Land acquisition: The government is acquiring land for a variety of purposes, including housing development, agricultural projects, and industrial development.
Main Real Estate Products and Services Procured by Tanzania Government
Construction services: The government procures construction services for a variety of projects, including the construction of new buildings, roads, bridges, and dams.
Architectural and engineering services: The government procures architectural and engineering services to design and plan new buildings and infrastructure projects.
Quantity surveying services: The government procures quantity surveying services to estimate the cost of construction projects.
Land surveying services: The government procures land surveying services to map land for development projects.
Real estate appraisal services: The government procures real estate appraisal services to value land and buildings for acquisition purposes.
Top Authorities for Tanzania Real Estate Procurement
The Ministry of Lands, Housing and Human Settlements Development: This ministry is responsible for the overall development of the real estate sector in Tanzania.
The Tanzania Procurement Services Agency (PPRA): This agency is responsible for overseeing all government procurement activities in Tanzania.
The Tanzania Building Agency (TBA): This agency is responsible for regulating the construction industry in Tanzania.
The Tanzania Land Commission: This commission is responsible for managing land in Tanzania.
Top Winners of Tanzania Real Estate Procurement
Strabag Tanzania: This company is a major player in the Tanzanian construction industry, having won a number of large government contracts.
CRJE Tanzania: This company is another major player in the Tanzanian construction industry, having won a number of government contracts for the construction of roads and bridges.
Dar es Salaam Development Corporation (DDC): This company is a government-owned corporation that is responsible for the development of Dar es Salaam, the commercial capital of Tanzania.
Azam Group: This group of companies is one of the largest conglomerates in Tanzania, with interests in a variety of sectors, including real estate.
Mohamed Enterprises Tanzania (METL): This group of companies is another major player in the Tanzanian economy, with interests in a variety of sectors, including real estate.
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