Nevanji Munyaradzi Chiondegwa
Zimbabwe continues to acquit itself as a safe destination for capital, as another billionaire has expressed interest to pour one billion dollars into the economy through projects.
Shaji Ul Mulk the Dubai billionaire and Chairman of Mulk Holdings International FCZ met President Mnangagwa recently, when he visited the country.
Mr Mulk has written a letter to President Mnangagwa, outlining his investment plan.
Mr Mulk said he is interested in sport (cricket), health services provision, ICT and Tourism.
“We sincerely thank you for the wonderful support accorded by you during my current visit to Zimbabwe and all the projects awarded by you to Mulk Holdings international FZC. We list below the brief project details for your perusal and would be grateful if you can issue a formal letter of confirmation so that we can move forward towards execution,” wrote Mr Mulk.
The projects include the company’s request through its subsidiary sports management company, T Ten Global Sports to be awarded rights to own and execute various formats of cricket leagues including T10 & T20 cricket leagues in Zimbabwe.
He stated that they will work out the scheduling through the Minister of Sports and Zimbabwe Cricket Board and will be ready to start in October 2022.
The company would also like to venture in the hospital services which will see Mulk Holdings launch Mulk e – Health app which will provide world class health services from the comfort of your home and reach every corner of Zimbabwe – launch can be in September 2022.
The Company also envisions to launch a block chain city in Harare.
It will be a first of its kind Block Chain City which will attract thousands of companies in the space of Block Chain in the land allotted by Your Excellency in Harare next to the Parliament.
He said, “As this can be a fast track project which can start within 3 to 4 months and building the city would take time, we request your excellency to allot any unused existing Government building which can be used temporarily until the new city is built.”
On the construction of a sports and entertainment leisure centre Mr Mulk said; “We propose to set up a dedicated company named ZIM MULK SPORTS & ENTERTAINMENT COMPANY. This company established in Victoria Falls will build on the land allotted by Your Excellency, a state of the art cricket stadium with focus on high end real estate and on ground casino and sports betting.”
He added, “Company will also invest in other areas close to the Victoria Falls and focus on increasing tourism in Victoria Falls by upgrading and turning the existing government land and buildings using Alubond technologies to re-build as the night life destination for tourists.”
Other ideas envisioned for Victoria Falls include Victoria Falls Viewing Gallery with full platforms for tourists to experience the thrill of the falls much closer and restaurants, night clubs, casino, world class spas, health retreats, new attractions like Dubai’s Global Village, exhibition centers, water park, kids play zones, world attractions, online sports betting etc.
On the fifth project Mr Mulk proposed that, “The Ministry of Home Affairs has designed and approved digital integration of various services like the Traffic control Systems, Smart Gates at Airports and various other services in Zimbabwe. Mulk Holdings and its associates are willing to invest on a BOT basis for these projects if the rights are granted for 25 years.”
Mulk Holdings has appointed Mr. Paul Tempter Tungwarara of Prevail International (Prevail Group) as the representative of Mulk Holdings in Zimbabwe.
The total investments into Zimbabwe for the above mentioned projects spearheaded by Mulk Holdings International along with the other investors would be over one billion US Dollars.
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