A $500 million mixed-use hi-tech park called Zim Cyber City was opened on Wednesday on the outskirts of Harare, the capital of Zimbabwe.
The 2.5 million square foot project is being built in Mount Hampden, New Harare, by the diversified industrial group Mulk International, which has its headquarters in the United Arab Emirates.
“Zim Cyber City stands to become Zimbabwe’s landmark project, offering a world-class high-end lifestyle to all the residents. Our government fully supports this exciting development, said Emmerson Mnangagwa, President of Zimbabwe, while launching the project.
The cyber city will make it easier for all people and organizations operating and residing in the community to obtain special window clearance for bank accounts, blockchain, and digital asset licenses, and cutting-edge office spaces. For the occupants’ greatest security, it will have 24/7 sophisticated built-in surveillance technology that is connected to the neighborhood law enforcement agencies.
“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,” said Nawab Shaji Ul Mulk, Chairman of Mulk International.
During his tour to the UAE for Expo 2020 Dubai, Mulk International presented the project to the president of Zimbabwe.
The UAE and Zimbabwe will deepen their bilateral ties thanks to this first significant investment by a corporate firm established in the UAE. Additionally, it is the first real estate investment made in Zimbabwe via the Special Economic Zone (SEZ) programme of Zimbabwe Global Investments (ZGI).