Zimbabwean government has commissioned UAE Mulk International to build a $500 million Cyber City hi Tech Park near the capital Harare. Mulk International was also granted an exclusive licence to establish a blockchain and digital assets special economic zone.
Owner of Mulk International, Dubai based billionaire Shaji Ul Mulk has pledged to fund the project. As per an interview with Zimbabwean media, Ul Mulk stated, “ the project will include villas, cyber technology offices, shopping malls, and the tallest tower in Africa the Mulk Towers all constructed on 2.5 million square metres of land.”
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.
The President of Zimbabwe, Emmerson Mnangagwa broke ground to launch the $500 million (Dh1.83 billion) Zim Cyber City.
The project was proposed to Mnangagwa by Mulk International during his visit to Dubai World Expo 2020. Mulk International was granted an exclusive licence to establish a blockchain and digital assets special economic zone.
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.
Adnan Ul Mulk, Vice-Chairman of Mulk International, says, “We are keen to witness Zim Cyber City’s role in the successful integration of blockchain and crypto technology and premium, residential living. I am thankful to President Emmerson Mnangagwa for his staunch support in making Zim Cyber City a project of national importance.”
