WORDS: DEBBIE HATHWAY :: PHOTOS: SUPPLIED
Shaji UI Mulk, the founder and chairman of Mulk International, unveils an avant-garde lifestyle property named Zim Cyber City in Zimbabwe.
Zim Cyber City is a cutting-edge $500 million development by Mulk International in Mount Hampden, Harare, in Zimbabwe. Recently unveiled by company founder and chairman Shaji UI Mulk, the avant-garde development combines upscale living and business facilities with state-of-the-art amenities and services.
Regarded as one of Africa’s most promising and luxurious real estate developments, Zim Cyber City comprises sumptuous villas, deluxe townhouses, a duty-free mall, myriad entertainment options, expansive green spaces, fine-dining experiences, waterfront access, medical facilities, and schools. It compares to the prestigious Downtown and Sheikh Zayed Road developments in Dubai, UAE, covering 232,2500m2.
Shaji Ul Mulk, a distinguished entrepreneur and business leader, is renowned for his unwavering commitment to growth and innovation. Ranked fourth among the top 100 most inspiring leaders in the Middle East, he is expanding his global business ventures with a significant focus on Africa. The Mulk International Group has a diverse portfolio encompassing the manufacturing of metal composite panels and light gauge steel (LGS) homes, real estate, sports assets, and healthcare. It has a net worth exceeding $2 billion. The company has been honoured with the Sheikh Mohammed bin Rashid’s MRM award as the best foreign manufacturer in the UAE.
The unveiling of Zim Cyber City marks the initiation of several Mulk International Real Estate projects in Zimbabwe and across the African continent, strengthening and promoting Zimbabwe’s business ecosystem. Managed by Zimbabwe Global Investments (ZGI) within the special economic zone (SEZ) and authorised by Zimbabwe president Emmerson Mnangagwa, Zim Cyber City holds an exclusive licence to establish a blockchain and digital assets special economic zone.
“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,” said Shaji UI Mulk. Prospective buyers, investors, and tenants of Zim Cyber City can avail themselves of several incentives, including freehold ownership of properties, pre-approved mortgages in USD, and exemption of import duties for all furniture and fittings. Corporate buyers enjoy benefits such as free repatriation of capital and profits, ease of fund transfers, tax exemptions, and more.
When asked why Zimbabwe, Shaji UI Mulk said: “Zim Cyber City is the first of many investments that our group, Mulk International, has committed to delivering through the special economic status channel of Zimbabwe Global Investments. We have worked diligently to understand the market and gain greater insight into Zimbabwe’s culture and its bountiful opportunities. The depth of resources and advanced digital capabilities across industries gives Zim Cyber City concrete, long-term growth prospects.”
Mulk International’s investment in Africa reflects the company’s commitment to harness the continent’s remarkable potential. By strategically investing in and creating opportunities in Africa, Mulk International aims to play a vital role in shaping the continent’s future. This investment promises financial returns and underscores the company’s dedication to Africa’s development journey and economic and social progress. Zim Cyber City’s luxury villas are open for pre-selling in the first phase, and construction is set to commence.