ZITF Unveils $300 Million Smart City Project in Bulawayo

The Zimbabwe International Trade Fair (ZITF) Company has announced an ambitious $300 million smart city development project in Bulawayo. The forward-thinking plan aims to transform the ZITF exhibition grounds into a state-of-the-art facility, featuring a 5,000-delegate international convention center, a 500-room hotel, a retail complex, and a theme park.

Terrace Africa, the developer behind the project, unveiled the details during the opening of the ZITF 2024, which was graced by the presence of Kenyan President William Ruto. The smart city project marks a significant step in Zimbabwe's re-engagement with the international community, as evidenced by the increased participation of foreign exhibitors compared to previous years.

Why this matters: The ZITF smart city project holds the potential to boost Zimbabwe's economy, attract foreign investment, and position Bulawayo as a hub for international trade and tourism. The development aligns with the government's efforts to revitalize the country's infrastructure and create new opportunities for growth.

The ZITF Company expressed confidence in the project's ability to transform the exhibition grounds into a globally recognized destination. "This smart city project is an ambitious and forward-thinking plan to transform the ZITF exhibition grounds into a state-of-the-art facility," a spokesperson for the company stated.

The development will include a 5,000-delegate international convention center, which is expected to attract major conferences and events to Bulawayo. Additionally, the 500-room hotel will cater to the growing demand for high-quality accommodation in the city, while the retail complex and theme park will provide entertainment and shopping options for visitors.

The ZITF 2024 showcased the confidence of both local and foreign companies in Zimbabwe's economy. The event served as a platform for networking, trade agreements, and identifying market opportunities. The increased participation of foreign exhibitors highlighted the growing interest in Zimbabwe as an investment destination.

The $300 million smart city project by Terrace Africa is a testament to the ZITF's commitment to driving economic growth and development in Zimbabwe. The successful completion of this ambitious venture is expected to position Bulawayo as a leading destination for international trade, conferences, and tourism, while creating new opportunities for businesses and entrepreneurs in the region.

Key Takeaways

• ZITF to develop $300M smart city in Bulawayo, Zimbabwe.
• Project includes 5,000-delegate convention center, 500-room hotel, retail, theme park.
• Aims to boost Zimbabwe's economy, attract foreign investment, and position Bulawayo as trade hub.
• ZITF 2024 showcased confidence in Zimbabwe's economy, with increased foreign exhibitor participation.
• Smart city project expected to transform Bulawayo into a leading destination for trade, conferences, tourism.