Zimbabwe President Emmerson Mnangagwa announced that the country has broke ground to launch the US$500 million (Dh1.83 billion) Zim Cyber City. This is a state-of-the-art mixed-use hi-tech park at the outskirts of Zimbabwe’s capital city Harare.
The project is being developed by UAE-based Mulk International. The Cyber City will be spread across 2.5 million square feet and is currently under construction in Mount Hampden, New Harare.
“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, and I congratulate the Chairman, Shaji Ul Mulk, and his company Mulk International, for bringing Zim Cyber City to Zimbabwe,” Emmerson Mnangagwa, President of Zimbabwe, said.
Zim Cyber City was proposed to the President by Mulk International during his visit to the UAE at the Dubai World Expo 2020.
The project is under the eye of the Zimbabwe President, who has granted Mulk International an exclusive licence to establish a blockchain and digital assets special economic zone.
This is the first such large-scale investment by a UAE-based business house into Zimbabwean economy that will strengthen relationship between the UAE and Zimbabwe.