ZIMBABWE Cyber City developer Shaji Ul Mulk has brokered a major deal between Ajman government and China National Electric Engineering Co Ltd, a subsidiary of Sinomach, which he hopes will have ripple benefits to Zimbabwe.
Mulk’s presence was acknowledged during discussions between His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, and Zhang Xiaolun, chairperson of the Chinese State-owned enterprise Sinomach, held at the Emiri Diwan in Ajman, in the United Arab Emirates.
The meeting, which aimed to bolster economic ties and collaboration, resulted in the signing of a memorandum of understanding (MoU).
The MoU focuses on infrastructure and manufacturing investments valued at approximately five billion dirhams, a substantial commitment to future cooperation.
While the discussions revolved around enhancing Ajman’s business climate, expanding its infrastructure and drawing in international investors, Mulk said he was hoping that the deal could be replicated in Zimbabwe.
“This agreement is a significant step forward in fostering global partnerships that drive economic growth. Our role as facilitators between Ajman and Chinese enterprises reflects our commitment to creating opportunities for sustainable development both here and in emerging markets like Zimbabwe. It’s about building bridges for innovation and progress,” he said.
Mulk’s involvement in Ajman’s ambitious development plans mirrors his role in Zimbabwe, where he is spearheading the Zimbabwe Cyber City project.
He said: “Zimbabwe holds immense potential as a technology hub and the Zimbabwe Cyber City project is designed to unlock that potential. Our aim is to create a cutting-edge digital infrastructure that will drive innovation, boost economic growth and position the country as a leader in Africa’s tech revolution. This is a transformative project, not just for Zimbabwe but for the entire region.”
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This initiative is a multi-billion-dollar investment aimed at transforming the country’s digital infrastructure and positioning Zimbabwe as a hub for technology and innovation in Africa.
Sheikh Ammar bin Humaid Al Nuaimi reiterated Ajman’s vision for creating an ideal environment for global companies, emphasising that such collaborations are central to the emirate’s broader economic strategies.
Zhang Xiaolun, chairperson of Sinomach, expressed optimism about future collaborations, highlighting Ajman’s progressive policies and modern infrastructure as pull factors for international investors.
