By Nobleman Runyanga
Sunway City, an integrated parks development company under the Industrial Development Corporation of Zimbabwe (IDCZ), is seeking partners for the development of special parks in its project which is located east of Harare. This was revealed by the company in a call for expression of interest notice this week.
“Sunway City is inviting reputable, well-established and experienced co-development partners to submit expressions of interest for the development of of the following projects within Sunway City Special Economic Zone: 76 hectare high technology park, medical park, office park, 22 hectare dry port (and) solar project,” read the notice.
Sunway City indicated that the selection of co-development partners would be guided by the special economic zones legislation.
“The co-development partners will be selected in accordance with the requirements of the Special Economic Zones Act (Chapter: 14:34) and the Joint Ventures Act (Chapter 22:22) of the Republic of Zimbabwe,” the company said.
Sunway City was established by the IDCZ in 1996. The company is owned 99.86% by the IDCZ and 0.14% is owned by Pembinaan Objektif (M) SDN BHD of Malaysia. IDCZ is a parastatal under the Ministry of Industry and Commerce. Sunway City’s mandate is to develop eco-friendly world class integrated industrial, commercial, residential, institutional and recreational parks so as to provide relevant infrastructural development to facilitate industrialization and economic growth of Zimbabwe as well as regional integration and trade.
Although some companies such as Davipel have already moved into Sunway City’s industrial park, the company still has a huge land bank to develop various projects and has been hamstrung by lack of funding hence the call for partners.
When fully developed, the Sunway City Integrated envisages the creation of modern all-inclusive business, commercial, industrial, residential and theme parks built and managed to world class standards incorporating the use of cutting edge technologies and management systems.
