Zim Cyber City receives explicit approval to start the Mt. Hampden project

BUSINESS REPORTER

Zim Cyber City has been given explicit permission by the Zimbabwean government to begin the Mt Hampden project while the administration is preparing the permit, Business Times can report.

At a stakeholder ceremony to mark the beginning of the Mount Hampden project on Tuesday this week, property development consultant Innocencia Tigere revealed the latest  development.

“A local team of advisors has been working together with a team from Dubai to make sure that the designs, the planning and the mobilization of the resources is happening. And I am happy to report that the project has now got the preliminary permission to proceed as the integrities are being finalized. So, on our submission through the professional teams they said you can proceed with the project as we are just looking at details of issuing a permit. So, we  now have an express permission from the Government of Zimbabwe to do the project,”Tigere said.

Speaking to Business Times at the same event, CEO of Zimbabwe Global Investment t/a Zim Cyber City, Tendai  Hlupo-Mamvura,said: “In terms of timelines, the whole project will take about 4 to 5 years and we have divided it into phases. The first phase which is the 25 hectares will take us about 24 months and then the second, another 25 hactares will take us far less because the first phase, will include bulk infrastructure.

Then after that, we do the mall tower which will take us or add 18 or 24 months. There is a huge undertaking from the Government of Zimbabwe. Government is very involved in terms of regulatory needs. Mind you, this is a very complex project,” Hlupo-Mamvura told Business Times.

Billionaire Mr. Shaji Mulk, whose Mulk Holdings International is bankrolling the Zim Cyber City project, claimed that his organization would make Zimbabwe the first African nation to have a smart city.

The chairman of Mulk Holddings International also stated that his company will invest about  US$500,000  in the project.

“Its about half a billion United States dollars. We are excited to be bringing Dubai to Zimbabwe,” he said