Victoria Falls Land Deal Secures US$92.5 Million Investment

The Zimbabwe Government finalized a US$92.5 million land development deal near Victoria Falls with the JR Goddard Consortium. This agreement will transform 271.5 hectares in the Masuwe Special Economic Zone into a prime commercial and tourism center. Cabinet approved the cession of a 61% stake to JR Goddard Private Limited for this joint venture, which spans 1,200 hectares of state land. ZimRe Holdings plans to begin construction on a new Victoria Falls hotel within three months, part of an US$80 million investment pipeline.