UAE Investor to Build a Grand Prix Circuit in Vic Falls
A visiting United Arab Emirates based business delegation has expressed interest in building a Grand Prix Moto racing circuit in the resort town of Victoria Falls as part of efforts to boost Zimbabwe’s sports tourism, a senior government official has said.
Speaking upon receiving the delegation, Permanent Secretary in the Ministry of Tourism and Hospitality Industries, Dr Thokozile Chitepo said “We are excited to have the UAE show such keen interest in our destination for their business, new facets of tourism will be opened up such as medical tourism and Grand Prix whilst also boosting Safari tourism.”
The delegation arrived at the R.G Mugabe International airport on the 28th of May and will be in the country up to the 31st of May 2018 to scout for investment opportunities.
Feonirich LLC has identified the Victoria Falls special economic hub for its developments.
The visit is a follow-up expedition in line with a Memorandum of Understanding signed between the Zimbabwe Tourism Authority and the company.
Feonirich’s head of delegation, Prince Adebayor Bamidele remarked that Zimbabwe is an untapped market and looks forward to investing in Zimbabwe.
“We heard that Zimbabwe is open for business and barely a month after our initial meeting with the ZTA we are here to fulfil our end of the bargain,” he said.
The investors are touring the proposed sites and will meet the relevant government officials such as the Vice President Rtd General Constantino Chiwenga before heading back to the UAE