The South African Zimbabwean authorities have begun seeking investors to build a new state capital. The project is estimated at $60 billion: it provides for the creation of a new city “Cybercity” on the site of a village 18 km from the current capital.
Bloomberg notes that Cyber City, which will replace Zimbabwe’s current capital Harare, will feature skyscrapers, shopping centers and a solar power plant. It will also have to house the president, the national parliament, the central bank, the supreme court and other state structures.
The Cybercity construction project is estimated at $60 billion. The Zimbabwean authorities started looking for investors to implement it. The billionaire resident of the United Arab Emirates, Shaji Ul Mulka, announced his intention to invest 500 million dollars in the construction of the city.
Mulka also said that 250 villas worth more than $500,000 each will be built in Cyber City. According to the billionaire, several dozen villas have already been sold.
The current capital of Zimbabwe, Harare, has ceased to be a comfortable city in the last twenty years: the city’s infrastructure is in poor condition, residents receive electricity for only five hours a day, Bloomberg writes.
The Zimbabwean authorities’ plans to build a new capital speak of their desire to isolate themselves from the people so as not to see their plight, said Stephen Chan, a professor at London’s School of Oriental and African Studies.
Author:
Kirill Bilyk
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
