Since its establishment, ZIPA has approved 677 investment projects with an anticipated capital worth over USD 5.8 billion. The detailed analysis of the investment by sectors and total investment cost by country of origin is presented in Chart 1 and Table 7.1.
By sector, tourism, which includes hotels and restaurants, tour operations, and sea sport activities, is leading with 416 projects representing 61.3% of all projects. The other sectors that have attracted considerable number of projects are business and financial services, manufacturing, real estates, agriculture and fisheries, transport, storage and communication (see Table 7.1).
Domestic investment by Zanzibaris and Tanzanians is 22% and this is by far the largest percentage. Other notable foreign countries with substantial investment in Zanzibar include USA with 12%, Kenya with 12%, Oman with 11%, United Kingdom with 11% and UAE with 8%.