Indian and Dubai-based investors jet into the country

By Owen Mandovha

The Zimbabwe Open for Business mantra continues to attract foreign investors, with more than six Indian and Dubai-based investors jetting into the country this Tuesday to explore business opportunities in the country.

Upon arrival, the potential investors noted need to take advantage of the opening up of the Zimbabwe business space by President Emmerson Mnangagwa.


“My name is Nawab Adnan Ul Mulk and I am here as the Vice President of Mulk Holdings to consolidate our position here as we make a follow up on our first visit but together with other investors,” said Mr Nawab Mulk.

His colleague Sami Sayed also mentioned his organisarion’s interests in agriculture.

“My name is Sami Syed and am the CEO of Phoenix Group and my company is involved in farming in India where I work with small scale farmers to increase their productivity. I seek to replicate that here in Zimbabwe where agriculture is the mainstay of the country’s economy.”

Next was Victor Cocchia of Sun Mining.

“I seek to invest in Zimbabwe in the area of medical research in order to produce some vaccines. I hope to collaborate with several companies here.”

Accompanying the investment contigent was Dubai billionaire and investor, Mr Shaj Ul Mulk of Mulk Holdings who was in the country a fortnight ago on his follow up visit to Zimbabwe after meeting President Emmerson Mnangagwa during the just ended Expo 2020Dubai.

“The Mulk Group is back here together with several other investors who are also interested to invest in this great country because the country presents a lot of business opportunities,” he said.

Zimbabwe continues to invite foreign capital into various sectors of the economy, including mining, agriculture and manufacturing which is manifesting in increased industrial capacity and high foreign currency earnings.