Online Reporter
Nqobile Bhebhe in Beitbridge
Vice President Dr Constantino Chiwenga has said the groundbreaking ceremony of the US$3.6 billion Palm River Energy Metallurgical Special Economic Zone in Beitbridge is a demonstration of President Mnangagwa’s unwavering commitment to unlocking the country’s abundant natural resources for transformative economic progress.
Speaking at the groundbreaking ceremony in Beitbridge, Dr Chiwenga said the event marked a significant milestone in Zimbabwe’s ongoing journey towards industrialisation, sustainable development, and economic growth under the Second Republic.
“The project we are launching today stands as a testament to the unwavering commitment of our guest of honour in unlocking Zimbabwe’s abundant natural resources for transformative economic progress,” he said.
He added that the special economic zone is strategically positioned to serve as a regional hub for metallurgical and energy production, benefiting not only Zimbabwe but the entire Southern African region.
He noted that through President Mnangagwa’s steadfast commitment to engagement and re-engagement, significant strides have been made in improving the country’s investment climate, streamlining the ease of doing business, and building investor confidence.
“In doing so, the government has laid a solid foundation for sustainable economic growth. Furthermore, the prioritisation of economic diplomacy highlights the importance of strengthening international relations and positioning Zimbabwe as a leading destination for investment.”
“Through his steadfast commitment to engagement and re-engagement, our guest of honour has made significant strides in improving the country’s investment climate, streamlining the ease of doing business, and building investor confidence.”
