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News : Company Proposes ICT Center for Zimbabwe Capital
Harare, May 30, 2014 -- Property Development Company SBT Juul said it plans to build a multi-million dollar science park geared towards the development of information communication technology (ICT) in the proposed new capital city to the northwest of Harare.
Founder of the international property development company Trevor Juul told delegates attending an investors’ conference that the three-phased development project will be on a 100 hectare piece of land and will encompass residential, retail, light industrial and commercial properties.
"The science park will also have a hub building which will be an incubation center for growth of ICT," Juul said.
He said the ICT hub would also act as an international call center linking the entire park with the whole world.
While he did not indicate when the project will start, Juul said a property fund to bankroll this and other planned projects will be launched in the last quarter of this year.
He said his company, which operates in 15 other African countries, also planned to build a golf course estate and a "shoppattainment" center in Harare that will combine both shopping and entertainment facilities.
Juul expressed optimism about Zimbabwe’s growth potential in the property development sector, saying the country was strategically positioned as a hub for development.
"We certainly believe that getting a project like this off the ground is going to play a major part in stimulating growth in the Zimbabwean economy," he said.
The company has built several buildings in Zimbabwe over the last 25 years and among its recent building is the post modern 16- floor Angwa City in central Harare whose construction was completed in 2000.
Posted by Veronica Silva Cusi, news correspondent
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Published: Monday, June 2, 2014