UAE investor eyes construction, agric sectors

UNITED Arab Emirates tycoon Jitender Kumar Singla, who is in the country, wants to invest in construction and agriculture sectors.

Singla met President Emmerson Mnangagwa at State House upon arrival in Harare to discuss investment opportunities in the country.
He said JK Group, was interested in investing in construction of “new economy class housing societies, shopping malls and other real estate possibilities”.

He was among the investors who were brought to Zimbabwe this week by businessman Paul Tungwarara. Singla is expected to impact the president’s urban renewal project.

“This is our core experience in Europe and Asia in the last 30 years,” he boasted.
In the meeting with Mnangagwa, Singla spoke of creating online markets, and investing in retail, supermarkets, agriculture, mining and liquor manufacturing, among others, in the coming years.

“We will forecast huge investments from India, Russia, UAE, obviously they are secured by the government of Zimbabwe which was also discussed with the president,” said Singla.

Singla’s visit came a few days after another UAE billionaire Shaji UI Mulk jetted into the country with a delegation of investors.
Mulk also met Mnangagwa and pledged to invest into the country.