Mulk Holdings hosts Zimbabwe President, Sri Lankan Sports Minister

Shaji Ul Mulk, Chairman of Mulk Holdings and Abu Dhabi T10, hosted the Zimbabwe President Emmerson Mnangagwa and the Youth and Sports Minister of Sri Lanka Namal Rajapaksa to discuss and explore business opportunities in both countries.

The Zimbabwean President launched this constructive summit by emphasising the scope of opportunities in various sectors of the country’s business ecosystem, including mining, education, healthcare, and agriculture, among others. His eloquent speech addressed the UAE’s top business leaders, inspiring them to invest in the country’s economy.

“Zimbabwe is rich in resources and awaiting lucrative and promising investors to partake in the country’s advancement. I am pleased to liaison with like-minded businesses that help promote joint trade cooperation and projects that advance our country’s economy. Zimbabwe’s doors are open for trade for entrepreneurs in the UAE who will be welcomed as state guests, and I will personally ensure the provision of all the facilities required by businesses to carry out their investment activities.”

Despite the economic challenges faced across the globe, Zimbabwe has continuously proven its economic resilience and commitment to improving its economic stability. The President also boasted of the country’s substantial mineral reservoir, making Zimbabwe one of the leading countries with a bountiful supply of natural resources. He quipped that rather than asking what minerals Zimbabwe possess, ask what the country doesn’t have.

Zimbabwe is also home to the largest and one of the most fascinating natural wonders of the world, Victoria Falls, and captivating, exotic wildlife safaris. These attractions draw in tourists from across the globe, promoting the country’s various industries waiting to be tapped. “There is an immense opportunity for real estate developments, and tourism in Zimbabwe has heightened the need for top-notch hospitality. We currently require 12,500 rooms for accommodation, of which we only have 8,000,” said the President.

Also present were the Minister of Finance, Mthuli Ncube, and the Minister of Sports, Kirsty Coventry, both of whom reiterated the potential that some of Zimbabwe’s most promising markets and leading industries bring. Additionally, the Finance Minister also announced some of the incentives that investors can benefit from, including a 5-10 year tax rebate, no import duties levied on goods and duty-free import of equipment for business projects.

Sri Lanka’s Youth and Sports Minister Namal Rajapaksa was also delighted to preside at this meeting and connect with entrepreneurs who can positively contribute to the country’s conducive market. He stated that presently, Sri Lanka has great opportunities for businessmen that wish to engage with the country.