Dubai billionaire brings US$1 billion worth of investments

By Josephine Mugiyo Diplomatic Correspondent

PRESIDENT Emmerson Mnangagwa says attracting investors remains a priority for the second republic in its pursuit to re-align the country’s economy.

The global community is taking a keen interest in Zimbabwe after the country sold the true Zimbabwean story at the EXPO 2020 Dubai.

This saw Dubai based billionaire, Mr Shaji Ul Mulk embarking on a follow up visit to Zimbabwe where President Mnangagwa welcomed him with open arms before a joint media briefing in Harare this Friday.

President Mnangagwa said he met Mr Mulk who chairs a club of billionaires and his fellow business associates during the EXPO 2020 Dubai last month and the group was charmed by his pitch.

“This man chairs a club of billionaires. During my visit to Dubai I had a chance to meet with this group and had dinner with them. These are business people from a diverse spectrum, Europe, India Dubai and so on. He has been here looking for investment projects and now has confirmed implementation of a few projects we have agreed on valued at about 1 billion dollars , in May a group of eight more will be coming,” said the President.

Mr Mulk singled out five key areas of interest targeted for investment which include Real Estate, health and the tourism sectors.

“We want to introduce e-health to bring health to all corners of Zimbabwe. We want to build a state of the art stadium as well in Victoria Falls and bring T 10 cricket to Zimbabwe,” he revealed.

President Mnangagwa says Mr Mulk has already been involved in facilitating provision of water in Chitungwiza.

“Mr Mulk asked me, Mr President before I come to Zimbabwe what would you like me to do for you and I said I need at least four rigs in a town called Chitungwiza and within a short period of time he has already provided the rigs and many boreholes have been drilled so far,” said President Mnangagwa.

Zimbabwe is forging ahead in its quest to attain an upper middle income society by 2030 and striking investment deals is a critical component of attaining the country’s economic vision.