Online Reporter
Herald Reporter
Presidential Adviser Dr Paul Tungwarara has held high-level strategic talks with UAE billionaire businessman, Mr Hussain Sajwani, who is the founder and chairman of DAMAC Properties and the DAMAC Group.
This comes as Zimbabwe intensifies efforts to attract foreign direct investment to boost the economy and create more jobs.
The meeting, held on Monday, forms part of Government’s drive to engage global investors capable of bringing capital, technical expertise and international best practices to support the country’s development agenda.
Mr Sajwani is widely recognised for his role in transforming the Middle East’s luxury real estate sector and popularising the concept of branded residences.
His business interests span major master-planned developments, digital infrastructure and other high-value investments.
During the engagement, Dr Tungwarara outlined Zimbabwe’s investment opportunities, highlighting sectors with the potential to generate long-term economic value and sustainable growth.
Discussions centred on possible collaboration in smart-city infrastructure, luxury tourism development and the digitalisation of the economy.
Dr Tungwarara said the Second Republic, under the leadership of President Mnangagwa, continues to move beyond merely promoting the “Zimbabwe is open for business” mantra by actively engaging investors and creating pathways for mutually beneficial partnerships.
As Zimbabwe advances towards its Vision 2030 goal of becoming a prosperous and empowered upper-middle-income economy, such engagements are expected to contribute to economic transformation through investment, job creation and skills transfer.
Analysts say that should the discussions mature into concrete investment projects, they could unlock opportunities in modern urban development, high-end tourism and digital innovation, while enhancing Zimbabwe’s competitiveness in the global economy.
Government has reiterated that attracting credible investors remains a key priority, with emphasis on sustainable projects that align with national development objectives and deliver tangible benefits to communities.
