Zim Cyber City opened for investment

Zim Now Writer

Mulk International and Zimbabwe Global Investments launched investment into Zim Cyber City at Johannesburg event this Wednesday.

“We have 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 investment growth prospects,” said Mulk International founder/chairman Shaji Ul Mulk in a virtual presentation.

The unveiling was attended by media, prospective investors, and potential partners.

A media statement released this Wednesday said construction of villas in Zim Cyber City is set to begin soon with no date given.

Zim Cyber City CEO Tendayi Hlupo-Mamvura spoke of the opportunities and transformative impact that the 2.5 million square foot development in Mount Hampden will bring to Zimbabwe and the broader African investment landscape.

Hlupo-Mamvura emphasized the urgent need for Africa to cultivate opportunities for its own people, fostering growth and success.

She said Zim Cyber City is aiming to create a “Dubai of Africa” that stands as a testament to innovation, sustainability, and economic incentives.

The landmark Mulk Tower is set to be one of the tallest buildings in Africa anchoring the city with waterfront properties.

The $500 million development offers a gamut of investment opportunities ranging from high-end residential properties to state-of-the-art commercial offices and retail spaces including a duty-free mall.

Investors will enjoy benefits such as pre-approved mortgages in USD, transactions fixed in USD, a tax-free period of 5 years, followed by a flat 15% tax thereafter.

The project’s security and credibility are underscored by the approval from Zimbabwe Global Investments operating under the Special Economic Zone.

Watch video https://youtu.be/YajKlfvP4YE

Mulk International is a global enterprise with diversified business interests with operations in 11 countries and market reach of 90 countries.

Zimbabwe Global Investments is responsible for managing Zim Cyber City.