Zimbabwean President Emmerson Mnangagwa will tomorrow commission the US$500 million Cyber City project in Mount Hampden, Harare after Dubai-based billionaire Shaji Ul Mulk pledged to fund the project.
The multi-million-dollar project is likely to give Mnangagwa a smile on the face after fruitless efforts to woo investors into the country over the past four years.
Ul Mulk jetted into the country on Sunday specifically for the event, and he told NewsDay that the project would include villas, cyber technology offices, shopping malls and the construction of the tallest tower in Africa to be called Mulk Towers, as well as recreational facilities, which would all be constructed on 2,5 million square metres of land.
“This is the third time to be here in Zimbabwe and I am happy with the progress that we have made with the government of Zimbabwe. It was all talk but now we are starting the implementation stage. We are happy with the support that we have received from the President of Zimbabwe,” Ul Mulk said.
The first phase of the project is expected to be complete in the next two years. Local businessman Tempter Tungwarara, who first brought the investor, said he was ecstatic that his efforts were finally coming to fruition.
“I am happy that I am able to contribute in a small way to my country. I stayed in Dubai and unlike other people who badmouth their country, I sold the Zimbabwean dream to investors and I am happy Ul Mulk and other consortiums of investors believed it,” he said.