A SEZ set up a noble idea with tax free incentives etc it has received a partly $500 million in investment almost 10 years the last major project being the 80 million ppc project last year due to bad investment climate/country perception risk etc. Govt is the govt is reworking this SEZ to make it more attractive.
Sunway City (Pvt) Ltd is a subsidiary of the Industrial Development Corporation of Zimbabwe Limited (IDCZ) mandated to develop world class integrated residential, commercial, industrial, 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. Currently, the company is in the process of developing its 1592 Hectare land bank in Harare, Zimbabwe.
The company has however been accorded special economic zone status with respect to the High Tech Park and it is anticipated that the company will be the conduit Government will use to develop more special economic zones in the country.
The development of the Sunway City Integrated Park envisages the creation of modern all -inclusive business, commercial, industrial, residential and entertainment complexes designed, built and managed to world class standards incorporating the use of cutting edge technologies and management systems. In its strategic framework, Sunway City envisages undertaking projects involving the development of basic infrastructure encompassing roads, storm water management systems, transport systems, cargo terminals, telecommunication infrastructure, water and sewerage reticulation as well as rail networks. In addition Sunway City intends to develop factory shells, specialized factory units, office complexes, shopping malls, distribution centers and entertainment parks.