News / National
Zida courts investors for US$150m Victoria Falls project
01 Jun 2025 at 14:26hrs | Views
The Zimbabwe Investment and Development Agency (ZIDA) is actively seeking both local and international investors to participate in the development of Lot 1 of Jafuta Estate, a flagship project within the Masuwe Special Economic Zone (SEZ) in Victoria Falls. This ambitious initiative, owned by the Mosi oa Tunya Development Company, covers 271.5 hectares and was officially declared a Special Economic Zone on September 28, 2018, with the aim of establishing a world-class tourism and financial services hub.
The Masuwe SEZ is designed to enhance tourism-related activities by integrating tourism, recreational, and sporting facilities with commercial, medical, and conference centres, alongside an international finance centre and other complementary developments. Victoria Falls, Zimbabwe's premier tourism destination, offers an ideal backdrop for this project, which seeks to address the current shortage of high-quality amenities needed to support the growing tourism sector.
The development of Lot 1 involves extensive infrastructure work, including the construction of roads, water and sewer systems, power grids, and telecommunication networks to support the growth of the zone. Plans also include the building of new villas, lodges, and holiday homes, as well as a tourism and hospitality school aimed at nurturing local talent in the sector.
Commercial and financial services form a major part of the project, with the establishment of a commercial centre featuring retail spaces, office buildings, and an international financial services centre designed to attract global businesses. The project further incorporates two medical centres, a golf course, and a multi-purpose international cricket stadium, with construction of the stadium already underway.
The total estimated cost of the project is approximately US$150 million. Core infrastructure is expected to cost about US$81.6 million, while medical centres will require US$15.9 million. The construction of villas and holiday homes is projected at US$7.8 million, and the commercial and financial services centre will need around US$17 million. The tourism and hospitality school is estimated at US$10.7 million, the golf course at US$10 million, and the cricket stadium at US$7.5 million.
ZIDA is highlighting the project's potential to create significant employment opportunities, boost local economies, and position Zimbabwe as a competitive player in the global tourism and financial services markets. To attract investors, the agency is offering various incentives, including tax breaks, streamlined regulatory processes, and guaranteed repatriation of profits.
With its strategic location, comprehensive development plan, and strong financial incentives, Lot 1 of Jafuta Estate presents a prime opportunity for investors seeking to capitalise on Zimbabwe's expanding tourism and financial sectors.
The Masuwe SEZ is designed to enhance tourism-related activities by integrating tourism, recreational, and sporting facilities with commercial, medical, and conference centres, alongside an international finance centre and other complementary developments. Victoria Falls, Zimbabwe's premier tourism destination, offers an ideal backdrop for this project, which seeks to address the current shortage of high-quality amenities needed to support the growing tourism sector.
The development of Lot 1 involves extensive infrastructure work, including the construction of roads, water and sewer systems, power grids, and telecommunication networks to support the growth of the zone. Plans also include the building of new villas, lodges, and holiday homes, as well as a tourism and hospitality school aimed at nurturing local talent in the sector.
Commercial and financial services form a major part of the project, with the establishment of a commercial centre featuring retail spaces, office buildings, and an international financial services centre designed to attract global businesses. The project further incorporates two medical centres, a golf course, and a multi-purpose international cricket stadium, with construction of the stadium already underway.
The total estimated cost of the project is approximately US$150 million. Core infrastructure is expected to cost about US$81.6 million, while medical centres will require US$15.9 million. The construction of villas and holiday homes is projected at US$7.8 million, and the commercial and financial services centre will need around US$17 million. The tourism and hospitality school is estimated at US$10.7 million, the golf course at US$10 million, and the cricket stadium at US$7.5 million.
ZIDA is highlighting the project's potential to create significant employment opportunities, boost local economies, and position Zimbabwe as a competitive player in the global tourism and financial services markets. To attract investors, the agency is offering various incentives, including tax breaks, streamlined regulatory processes, and guaranteed repatriation of profits.
With its strategic location, comprehensive development plan, and strong financial incentives, Lot 1 of Jafuta Estate presents a prime opportunity for investors seeking to capitalise on Zimbabwe's expanding tourism and financial sectors.
Source - Sunday News
