The foundation has been laid for the construction of a $500 million high-tech park in Harare, Zimbabwe, tagged: ‘the Zim Cyber City.’
The project, being funded by Mulk International is the first large-scale investment by the company.
This follows the approval of a license granted exclusively to Mulk International for the establishment of a blockchain and digital assets special economic zone in the area by the Zimbabwean government.
Recall that the project was proposed to the Zimbabwean government during the 2020 Expo in Dubai.
The project’s groundbreaking ceremony was attended by Zimbabwe President Emmerson Mnangagwa.
Speaking during the ceremony, President Mnangagwa expressed optimism that the project would strengthen the country’s economy.
“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,” Mnangagwa said.
According to a report by ‘Laraontheblock‘ the owner of Ul Mulk, Nawab Shaji Ul Mulk disclosed that the project will be constructed on 2.5 million square meters of land on the outskirts of Harare.
“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 meters of land.”
The report also added that the master plan of the project includes 250 townhouses, over 80 luxury villas, several 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 health club, community center, and other facilities.
The Vice-Chairman of Mulk International, Adnan Ul Mulk said “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”, the report said.