News Tech: Zimbabwe President Emmerson Mnangagwa has announced Zim Cyber City, a new US$500 million (1.83 billion Dh) global investment marketplace. Like Dubai, it will be a high-tech, state-of-the-art multi-use park to be built on the outskirts of Harare, the capital of Zimbabwe. It is being developed by Mulk International, a diversified industrial conglomerate based in the United Arab Emirates.
Zim Cyber City was proposed by Marc International to Zimbabwe President Emerson Mnangagwa during his visit to the United Arab Emirates at the 2020 Dubai World Expo. The project is sponsored by the President of Zimbabwe. Emerson Mnangagwa has granted Muruk International an exclusive license to set up a special economic zone for blockchain and digital assets. Expressing his gratitude to the President and Government of Zimbabwe, Mulk International Chairman Nawab Shaji Ul Mulk said: Emmerson Mnangagwa wholeheartedly supported Mulk International’s first operations in Zimbabwe.
Zim Cyber City spans 2.5 million square feet and is currently under construction on New He Hampden Mountain in Harare. Mount Hampden’s master plan includes the newly completed Capitol and all ministry buildings, as well as quality residential and commercial buildings. Many compare this to the development of Downtown and Sheikh Zayed Road in Dubai, United Arab Emirates. Especially for Indians who want to do business on blockchain and set up offices in high-end commercial buildings.
Zim Cyber City is the first of many investments that our group, Mulk International, has committed to delivering through the special economic status channel of Zimbabwe Global Investments.” ”Zim Cyber City will be a unique, iconic development, offering multi-fold economic benefits to commercial enterprises combined with lavish, uptown living.” The master plan of the project includes 250 townhouses, more than 80 luxury villas, a number of apartment blocks, hi-tech office facilities, a high-end retail arcade, a 15-storeyed commercial tower, and landscaped gardens – all within a high-security gated community with a health club, community center, and other facilities.