Bringing Dubai To Zimbabwe

By: - July 22, 2022

UAE’s Investment in Zimbabwe Grows with the Groundbreaking of Zim Cyber City

It’s no secret that many countries across the globe are clamoring for their piece of the action on the resource-abundant African continent. We have all heard of China’s influence and expansion into Africa, but the United Arab Emirates has also been very active in the African region. One African country, Zimbabwe, has seen a 300% increase in trade with the UAE in the past three years. The UAE is now Zimbabwe’s second largest trading partner.

On July 20, 2022, a vision of Zimbabwean President Emmerson Mnangagwa was actualized. President Mnangagwa held a groundbreaking ceremony for Zim Cyber City, the first real estate investment in Zimbabwe channeled through the Zimbabwe Global Investments (ZGI) Special Economic Zone (SEZ) program. Touted as the “smartest city of our age”, Zim Cyber City will be spread over 2.5 million square feet of land and is expected to have a shopping mall, luxury villas and apartments, cyber technology offices and other facilities, to include Mulk Tower, projected to be the tallest building in Africa.

Dubai-based billionaire Mr. Shaji Ul Mulk met with President Mnangagwa at the 2020 Dubai Expo in the UAE and what followed was the vision for many future investments in Zimbabwe. Zim Cyber City is the first embodiment of this futuristic vision and Mr. Mulk promised there will be many more to come. The President’s decision to allow UAE businesses to invest in Zimbabwe will bring more investment in the future, and as President Mnangagwa stated, “Zimbabwe is open for business”.

President Mnangagwa stated that his desire is to transplant Dubai to Zimbabwe and to build a smart city even better than Dubai. Declaring that Zimbabwe will not be left behind, the President is certainly ensuring that Zimbabwe is developing a culture of continuous innovation and an environment for economic growth.

The cyber city’s goal is not only to offer economic benefits to commercial enterprises combined with lavish, uptown living, but to create an easy system for blockchain and crypto exchange companies to operate, where digital currencies can flourish. With Zim Cyber City, located in Mount Hampden, New Harare, we will witness the successful integration of blockchain and crypto technology and premium, residential living.

President Mnangagwa has granted Mulk International an exclusive license to establish a blockchain and digital assets special economic zone and investors in Zim Cyber City will benefit from the many tax and import incentives offered through the ZGI Special Economic Zone program.

Mulk International is a multinational conglomerate with diversified business interests spanning primarily four sectors – building materials, plastics, healthcare and cricket assets. For more than two decades, Mulk International has been owning and managing a group of 18 companies under the leadership of Chairman Nawab Shaji Ul Mulk.

Mr. Mulk is quite an inspirational figure himself. Mulk gave up his US dreams of going to the Wharton Business School to pursue the dream of being an entrepreneur. He once fixed films on windows in the UAE, but is now worth over $2.7 billion. He had moved to the UAE originally to save money for college and prepare for his GMAT exams. He took a job at his brother-in-law’s small company that dealt in solar panel glass covers, working in the installation department. Three days into the job, he moved from installation into sales. Within a few months he was feeding the company’s capacity 100%. Then he got into sub-contracting work and within a year had saved $30,000 to pay his college fees. A week before he was to leave for the US he asked a friend for advice. The pull of entrepreneurship was strong. He then gave up his Wharton’s admission to stay in the UAE and pursue business. His calculated risk of giving up his admission to the prestigious college has paid off in spades. Now, a man who used to clean window panes and install panel sheets on windows, who had to take various forms of transportation just to get to work every day, drives a Rolls-Royce Phantom, among other luxury cars. His company has a global annual turnover of $1.8 billion.

Mulk is a man who is not afraid to take a calculated risk. Teamed up with President Mnangagwa, the transformative project of Zim Cyber City will most certainly help Zimbabwe reach its goal of seeing an upper-middle income by 2030, giving multitudes a better life and building Zimbabwe into one of the dominant countries in Africa.

  • RSS WND

    • 'Shut Up and Sing' still applies to emotional celebs
      When Laura Ingraham wrote her book "Shut Up and Sing" in 2003, the Left didn't read the book as much as overreact to the title. The title implied something important. While celebrities gain a "platform" they feel compelled to use, do their opinions reflect any expertise? Or is fame more important than logic? Celebrities often… […]
    • Iran says it could pursue nuclear weapons if Israel threatens atomic sites
      (ZEROHEDGE) – Iran's leadership has always strongly asserted that it is not pursuing the development of nuclear weapons, but instead has long sought a peaceful nuclear energy program. Various Ayatollahs over the decades have even declared the atomic bomb to be 'unIslamic' and against the teachings of the Koran. But that could change, Iran's military… […]
    • Ask not for whom the bell tolls, it tolls for EVs
      By H. Sterling Burnett Electric vehicles (EVs) have been all the rage among politicians since at least President Obama's first term in office, but they've never really caught on among the unwashed masses. Average folks with jobs, shopping to do, errands to run and kids to transport actually want their cars to deliver them to… […]
    • Google fires 28 employees involved in sit-in protest over $1.2 billion Israel contract
      (NEW YORK POST) – Google has fired 28 employees over their participation in a 10-hour sit-in at the search giant’s offices in New York and Sunnyvale, California, to protest the company’s business ties with the Israel government, The Post has learned. The pro-Palestinian staffers — who wore traditional Arab headscarves as they stormed and occupied… […]
    • Growing Latino support for border wall … and for Trump
      A new poll by Axios and Noticias Telemundo finds that 42% of Latino Americans support building a wall or fence along the entire U.S.-Mexico border. When pollsters asked the same question in December 2021, the number was 30%. That's a significant increase as the border crisis created by President Joe Biden's policies worsens. It's also… […]
    • College suspends professor 'energized' by Hamas attack on Israel
      (THE COLLEGE FIX) – A tenured professor is suspended throughout the rest of the semester after writing an essay celebrating Hamas’ attack on Israel. “McCarthyism is real. I’ve been relieved of teaching responsibilities,” Hobart and William Smith Colleges Professor Jodi Dean wrote Saturday on X. “Don’t stop talking about Palestine.” Get the hottest, most important… […]
    • O.J. Simpson is dead – Ron & Nicole are unavailable for comment
      As to the double murder case against O.J. Simpson, there was so much evidence that his guilt was obvious. This evidence included, but was not limited to, blood at the crime scene and on and in Simpson's white Bronco; a bloody glove found at the crime scene and a matching glove found at Simpson's home;… […]
    • How Greg Norman saved the Clinton presidency and other golf stories
      In their weekly podcast, Hollywood veteran Loy Edge and longtime WND columnist Jack Cashill skirt the everyday politics downstream and travel merrily upstream to the source of our extraordinary culture. The post How Greg Norman saved the Clinton presidency and other golf stories appeared first on WND.
    • The deadly price for Obama's ongoing foreign-policy legacy
      If a belligerent state launched 185 explosive drones, 36 cruise missiles and 110 surface-to-surface missiles from three fronts against civilian targets within the United States, would President Joe Biden call it a "win"? Would the president tell us that the best thing we can do now is show "restraint"? What if that same terror state's… […]
    • Growing movement hopes to disenfranchise small-state voters
      The structure of the American government was designed by the founders to prevent raw majoritarianism: the three branches of government and their checks and balances, the allocation of power between the state and federal governments, constitutional limits on the federal government's power, the differing composition of the U.S. House of Representatives and the U.S. Senate,… […]
  • Enter My WorldView