‘Zim On Real Path To Industrialisation’
President Mnangagwa unveils the plaque at the official groundbreaking ceremony of the Xintai Palm River Energy Metallurgical Industrial Park in Beitbridge yesterday. — Picture: Presidential Photographer Joseph Nyadzayo
Thupeyo Muleya, Beitbridge Bureau Zimbabwe is on the right path to industrialisation with more strategic investors now gaining confidence in the Government’s national development trajectory anchored on the robust re-engagement and engagement policy, President Mnangagwa has said. The President said the country was attracting more investment in the infrastructure, mining and energy sectors from both new and old strategic partners. He made the remarks while presiding over the groundbreaking ceremony at the Palm River Energy Project in Beitbridge where the Government, in collaboration with a Chinese mining company, is setting up a US$3.6 billion Energy Metallurgical Special Economic Zone and Industrial Park. President Mnangagwa said the development of industries and embracing value addition were critical in driving the country’s economic growth. “This project is a testament to the many successful partnerships between the Government and the private sector, as we work together to ensure the development of our country,” said the President. “This ceremony follows hard on the heels of other projects which are at various stages of implementation, since the advent of the Second Republic. “The progress we are seeing here is also a positive result of my Government’s Engagement and Re-Engagement Policy that has led to growing confidence in Zimbabwe as a favourable investment destination.” ReadMore