Chronicle EditorPatrick Chitumba, [email protected]
THE Second Republic has done a sterling job in creating a favourable investment climate through pro-business policies, which have made it easier for foreign-owned entities to invest in the country.
Zhong Jin International Hotel’s general manager, Mr Yolo Chen, made this statement during the recent official opening of a state-of-the-art hotel in Redcliff Town, which was made possible by a US$5 million investment set to transform the tourism sector.
The Minister of Tourism and Hospitality Industry, Barbara Rwodzi, led the commissioning ceremony, which was attended by Cabinet Ministers, including the Minister of Energy and Power Development, July Moyo, and senior Government officials.
The “Zimbabwe is open for business” philosophy has attracted significant investments, including the recent commissioning of the Zhong Jin International Hotel.
The establishment of the hotel has already created over 120 jobs, benefiting mostly locals.
The state-of-the-art facility features modern amenities, including a casino, supermarket, restaurants, conference rooms, and recreational facilities.
This development is in line with the National Development Strategy 1 (NDS1), which aims to enhance economic growth and improve livelihoods through strategic investments in key sectors such as tourism.
In 2020, President Mnangagwa launched the National Tourism Recovery and Growth Strategy to propel the growth of the sector, which is contributing significantly to economic growth and job creation.
Mr Chen expressed his appreciation for the positive impact of Zimbabwe’s investment policies on attracting foreign investment and promoting economic growth.
“Allow me to thank President Emmerson Mnangagwa for opening up the investment climate we enjoy in the country,” he said.
“We want to thank you for your support, which has enabled us to establish this investment. Without your support, we would not have been able to establish such an infrastructure.”
The Minister of Home Affairs and Cultural Heritage, Kazembe Kazembe, said the Second Republic is impressed by the opportunities brought about by the investment, which further cements the bilateral relations between Harare and Beijing.
“I want to thank our investors for believing in the country’s investment climate. This investment has created jobs for our locals.
“We also want to thank the President for creating an environment that attracts investors, but I must emphasise that your casino and gaming zone should not be used as a conduit for money laundering,” he said.
Minister Kazembe added that the investment is a game-changer, having created jobs and stimulated growth in the tourism value chain.
Zimbabwe is targeting to accrue US$2 billion from the tourism and hospitality sector, up from US$1,1 billion realised last year.
Online Reporter