President Magufuli says the conditions set by the investor amount to selling Tanzania to China.
The project is expected to gift Tanzania with its first high-speed railway.
Turkish Holding AS says it has identified five priority areas in Ethiopia's manufacturing sector.
The Commercial Bank of Ethiopia (CBE) Tower is 200 metres tall.
Equatorial Towers is a JV between UAP and Central Equatorial Investment Corporation.
Construction of the Tazara Flyover commenced in 2016 and was completed in 29 months.
The project has been in the pipeline since 2008.
Hope City will be built in an area of about 1.5 million square meters.
The project was financed through a 14 million Euro grant from the German government.
The building features 80 pre-fabricated apartments spinning a full 360 degrees.