By BRANDON JOSPHAT in Harare
PRESIDENT Emmerson Mnangagwa of Zimbabwe says the US$500 million Cyber City project in Mount Hampden, Harare, is a testimony of the success of the country’s efforts to re-engage with the international community.
Dubai-based billionaire Shaji Ul Mulk is bankrolling the project.
Speaking during a ground-breaking ceremony of the Cyber City yesterday, Mnangagwa said the investment was recognition by the international community that Zimbabwe was open for business.
“The focus, commitment and speed at which Mulk, in particular, made the bold decision to invest in our country is applauded and a reflection of the growing confidence in our progressive policies.
“This investment is further evidence of the successes of the engagement and re-engagement policy being implemented by my government.
“It also highlights the strong diplomatic and economic ties which exist between progressive members of the international community and Zimbabwe,” Mnangagwa said.
He added that through the government’s progressive policies more investments were set to continue flowing into the country.
“Building on the engagement and reengagement agenda, my government is putting in place incentives; legislation and an overall conducive macroeconomic environment for capital to find comfort.
“The whole of government approach must be harnessed to guarantee provision of enablers, including basic services such as water and sanitation infrastructure, sustainable waste management as well as an efficient road and transport network, among others.”
The president further said the Cyber City was envisaged to be a key feature that will bring added value to the New City at Mount Hampden set to be developed on over 15 500 hectares of land.
This comes as the anchor project for the new city, the New Parliament Building, has already been completed.
“The new city presents various investment opportunities in both commercial and residential building development.
“It will go a long way in solving the shortage of development space in Harare, which has been exacerbated by rapid population growth and ageing infrastructure.
“My administration continues to prioritise comprehensive planning and auxiliary infrastructure provision, prior to the development of superstructures,” the president said.
Mnangagwa said the construction of the Cyber-City was in line with the major tenets of the national human settlements policy, including ensuring provision of an orderly and well-built environment with requisite on-site and off-site infrastructure.
“In this regard, it is envisioned to be a self-contained intelligent city, providing high quality infrastructure, attractive surroundings and high speed communication access, for the production of goods and services for both local and export markets.
“Additionally, the Cyber-City will host several information technology companies, their offices, as well as modern living spaces and commercial outlets.
“The systematically integrated, innovative and modern technologies, organised transportation systems and ICT enabled service delivery will bring about unprecedented, modern living and working environments.
“To this end, this Cyber-City will complement my Government’s ongoing efforts of creating an environment which helps our brilliant young boys and girls to build a prosperous and modern society for both present and future generations,” the president added. – Daily News