According to Daily News on September 14th, Saudi construction and real estate company Mahbubani Holdings Group has identified Tanzania as the next important investment destination due to the country's rapidly growing demand for modern infrastructure and housing. Faris Mudahir, CEO of Madani Holdings Group, stated during the African Internal Trade Fair (IATF2025) held in Algiers that the company has received support from the Saudi Export import Bank and the Saudi Development Fund, both of which are keen on providing funding for large-scale projects across Africa. Madani has been active in the field of construction and building materials since 1996, focusing on providing one-stop project services from design to delivery, covering residential, commercial, and industrial development. The company has built a strong business portfolio in Saudi Arabia and has participated in numerous large-scale projects such as the New Future City, Red Sea, and Qidia projects, accumulating rich experience in delivering large-scale development projects within tight deadlines. Mudashir said that this experience is now being applied to the African market. In Saudi Arabia, we built a G+5 building with an area of approximately 3000 square meters in just 90 days. We plan to introduce this technology and management expertise into the African market. ”He explained.
