Mulk International Launches Zim Cyber City Project in Zimbabwe
The US$500 million project was proposed during the Expo 2020 in Dubai.
Zim Cyber City will be a US$500 million mixed-use hi-tech park on the outskirts of Zimbabwe’s capital Harare. UAE-based Mulk International is developing the project covering 2.5 million square feet.
The project is under construction in Mount Hampden, New Harare. The masterplan for Mount Hampden includes Zimbabwe's newly completed parliament building, ministry buildings and high-end residential and commercial buildings.
Mulk International proposed the project to the Zimbabwe president when he visited Expo 2020 in Dubai at the beginning of 2022. It will be the first large-scale investment by a UAE-based business in Zimbabwe.
It is also the first real estate investment channelled through the Zimbabwe Global Investments (ZGI) Special Economic Zone programme.
“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, at the project’s groundbreaking ceremony earlier this month.
The Cyber-City development in Mount Hampden, a major investment by a group of Dubai-based investors & part of e efforts for Zimbabwe to push ahead thru e 4th Industrial Revolution, took another step forward with e ground-breaking ceremony officiated by President @edmnangagwa . pic.twitter.com/eu5tHeesc2— ZimLiveUpdates (@ZimLiveUpdates) July 21, 2022
The cyber city will facilitate special window clearance of blockchain and digital asset licences and bank accounts. President Mnangagwa granted Mulk International an exclusive licence to establish a blockchain and digital assets special economic zone.
The city will also include cutting-edge office spaces and high-end residential living for individuals and entities living and operating in the community, with all-day security through built-in surveillance technology that will directly connect to local law enforcement authorities for enhanced safety and security of its tenants.
“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.
Nawaj Shaji Ul Mulk further said “Mulk International has worked diligently to understand the market and gain greater insight into Zimbabwe’s culture and its bountiful opportunities. The depth of resources and advanced digital capabilities across industries gives Zim Cyber City concrete, long-term growth prospects."
"We are keen to witness Zim Cyber City’s role in the successful integration of blockchain and crypto technology and premium, residential living. I am thankful to The President, H.E Emmerson Mnangagwa, for his staunch support in making Zim Cyber City a project of national importance.”
Top Photo: Rendering of the Zim Cyber City project in Zimbabwe (mulkinternational.com)