adminThe Gweru City Council has identified a site to establish a Special Economic Zone (SEZ) in the high density suburb of Mkoba where it plans to construct both heavy and light industries.
The local authority has since submitted the proposed model to the Government for consideration. The move follows the call by the Government for cities and towns to identify SEZs in their areas.
A Special Economic Zone is an area in a country that is subject to unique economic regulations that differ from other areas in the same country as its regulations tend to be conducive to attracting foreign direct investment (FDI).
City planner Mr Peter Mamhute, told a recent Midlands special economic zones meeting that council had identified a site in Mkoba 8 popularly known as the MASO area along Hamutyinei road where it would build heavy and light industries.
Mr Mamhute said development of the SEZ, to be named Industrial Park, would not be done by the city council alone but would be with private partners to be identified. — New Ziana.
Online Reporter