Ground has been broken on Zim Cyber City, Zimbabwe’s flagship smart city development in Mount Hampden near the country’s capital Harare. The ground-breaking ceremony was officiated by President Emmerson Mnangagwa, according to a statement.
The project is being developed by the UAE-based industrial conglomerate Mulk International, which was granted an exclusive licence to create a blockchain and digital assets special economic zone after the project was proposed to the President of Zimbabwe during his visit to Dubai World Expo 2020. Mulk International writes that it is the first such large-scale investment by a UAE-based business house in Zimbabwe.
Zim Cyber City will cover an area of 2.5 million square feet and will include mixed-use buildings for parliament and ministry, as well as residential and commercial buildings. It will also facilitate the use of blockchain and digital assets licences, according to Mulk International.
“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 chairman, Shaji Ul Mulk, and his company Mulk International, for bringing Zim Cyber City to Zimbabwe,” said President Mnangagwa in the statement.
Investment in the project totals around 500 million US dollars. It is the first real estate investment in Zimbabwe channelled through the Zimbabwe Global Investments (ZGI) special economic zone (SEZ) programme, according to an article from Smart Cities World. em
