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President ED clinches US $1 billion deal with UAE

PRESIDENT Emmerson Mnangagwa’s administration has approved the setup of US$1 billion worth projects by the United Arab Emirates (UAE) headquartered conglomerate, MULK Holdings F.Z.C in a development signifying a huge score following years of consistent reengagement efforts.

Details of the lucrative deals are contained in a letter addressed to Mnangagwa dated April 19, 2022 written by the company’s chairperson, Shaji Mulk.

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Mulk was brought into the country by Dubai-based Zimbabwean businessman Tempter Tungwarara.

“We sincerely thank you for the wonderful support accorded by you during my current visit to Zimbabwe and all the projects awarded by you to Mulk Holdings international FZC,” the letter reads.

We list below the brief project details for your perusal and would be grateful if you can issue a formal letter of confirmation so that we can move forward towards execution,” the letter said.

The company intends to launch a project which will run T10 and T20 Cricket Leagues under which the company will enjoy rights to own and execute various formats of cricket leagues in Zimbabwe.

The project will be closely implemented in partnership with the Sports Ministry and is expected to kick off in October 2022.

The second project dubbed MULK E HEALTH – E HOSPITAL SERVICES will provide world class health services from the comfort of citizens homes and reach every corner of Zimbabwe with the launch expected for September 2022.

Project three will see the establishment of Harare’s first BlockChain City which will attract thousands of companies in the space of Block Chain in the land allotted next to the Parliament.

“As this can be a fast track project which can start within three to four months and building the city would take time, we request your excellency to allot any unused existing Government building which can be used temporarily until the new city is built,” said Mulk.

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