President of Zimbabwe, HE Emmerson Mnangagwa has broken ground to launch the $500 million Zim Cyber City, a state-of-the-art mixed-use hi-tech park, being developed by UAE-based diversified industrial conglomerate Mulk International.
Sprawled across 2.5 million square feet, Zim Cyber City is currently under construction in Mount Hampden, New Harare. Mount Hampden’s master plan includes the newly completed parliament building and all the ministry buildings as well as high-end residential and commercial buildings.
Zim Cyber City was proposed to HE Emmerson Mnangagwa by Mulk International during his visit to the UAE at the Dubai World Expo 2020. H.E. Emmerson Mnangagwa granted Mulk International an exclusive license to establish a blockchain and digital assets special economic zone.
“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, Mr. Shaji Ul Mulk, and his company Mulk International, for bringing Zim Cyber City to Zimbabwe.”
This is the first such large-scale investment by a UAE-based business house into the Zimbabwean economy that will strengthen the bilateral relationship between the UAE and Zimbabwe. Mulk Holdings, the parent company of Mulk International, owns Alubond USA, the world’s largest aluminum composite panel (ACP) and has an investment in Africa, Asia and Europe.
The master plan of the project includes 250 townhouses, more than 80 luxury villas, a number of apartment blocks, hi-tech office facilities, a high-end retail arcade, a 15-storeyed commercial tower, and landscaped gardens, all within a high-security gated community with a health club, community center and other facilities.
Zim Cyber City will facilitate special window clearance of blockchain and digital assets licenses and bank accounts, cutting-edge office spaces and high-end residential living for all individuals and entities operating and living in the community. It will include 24×7 advanced, built-in surveillance technology that is directly connected to local law enforcement authorities for maximum security of the residents.