“Though expensive, there are very good opportunities that we can utilise to our advantage taking the huge demand for housing across the country.”
N
igerian and United Arab Emirates companies have submitted proposals for various projects in Zimbabwe’s real estate industry, according to a media report from that country.
The investors who held talks with Zimbabwe Investment and Development Agency (ZIDA) officials this Tuesday expressed optimism over prospects of investing in housing delivery, infrastructure units as well as industrial and commercial properties.
“The talks were very cordial as they also offered an opportunity to get to understand one another’s needs, while also being given the platform to see and assess what Zimbabwe offers. Therefore, this presented us with an opportunity of coming back into the country once all the approvals are made,” Dr Kingsley Azonobi, CEO of Abuja-based Domak Group, a real estate firm seeking to invest in Zimbabwe, was quoted as saying.
Zimbabwe Investment and Development Agency Acting Chief Executive Officer, Mrs Duduzile Shinya noted that the potential investors also inquired about other projects apart from the real estate.
The business proposals by the Nigerian and United Arab Emirates investors are now being assessed by regulatory authorities, according to ZBC News.
Dr Hillary Emoh, Royal Advisor to His Highness Sheik Ahmed Bin Faisal Al Qassimi of the UAE said the real estate sector in Zimbabwe has what it all takes to be viable. ZBC News cites him as saying:
“Though expensive, there are very good opportunities that we can utilise to our advantage taking the huge demand for housing across the country.”
The real estate sector, though capital intensive, is also considered an important element in hedging against macroeconomic variables such as inflation.
Quality journalism is costly, more so when the stories are scattered in over 100 countries of the world where Nigerians live. As a team, Nigeria Abroad is self-driven to illuminate stories covered in darkness, but we can also count on your goodwill. If you’d like to support the work we do, click here to donate
Be the first to react!
“The hospital where the VP was recently treated was set up by diaspora doctors.”
Nigeria was the perfect location to kick off their app because of the large microfinance market and high phone use.
More than 330 applications were received from 38 African countries, and last week an awards event was organised in Vienna at the Austrian Academy of Sciences.
“We have been looking forward to this day as it is the first time we will have presence in this part of the world. We know that our international expansion is incomplete if we are not present in the gulf,” he noted.
In one instance, Ping allowed a customer to remit more than $80,000 in a single month— 17 times above the proposed limit.
About a week ago, on its LinkedIn page, Amazon announced that its International Event team would be hosting an interviewing event in Lagos, Nigeria, for Software Developer II candidates for its consumer division from August 1 – 5, 2022.
Subscribe to this blog to recieve email alerts when we post new content
Copyright 2022 | Website created by HADASSAH DESIGNS | Nigeria Abroad is published by Lizacom Media Limited