Online Reporter
Thupeyo Muleya
Beitbridge Bureau
President Mnangagwa has said the re-engagement and engagement of old and new strategic partners has helped boost investor confidence in Zimbabwe.
He said more players are now taking up opportunities in the country, especially in the mining and energy sectors.The President said the move said will greatly contribute to Zimbabwe’s economic development.
President Mnangagwa made these remarks while officiating at the groundbreaking ceremony at Palm River Energy Industrial Park in Beitbridge today (Monday).
“Our re-engagement and engagement initiative as the Second Republic is paying dividends,” he said.
“We commend Xintai Resources for coming forward to invest in the mining and energy sector through the setting up of this industrial park whose first phase is almost complete.”
The project is being done in five phases over 12 years.
It is expected to have a coking plant, thermal power station, ferrochrome processing plant, and a carbon and steel plant.
