Walter Mzembi

By : Correspondent

24 June 2012

“Given the right environment and considering our potential I can assure you that tourism will see up to five million tourist arrivals and contribute up to $5 billion annually to the country’s GDP three years from now,” he said.

“Imagine that from only one sector of the economy and compare that to our current budget. Zimbabwe is at present considering bids totalling something like $1 billion for the construction of legacy projects in and around the Victoria Falls.”

Projects under consideration include two, three, four and five-star hotels, and a convention centre among others.

Government has reserved 1 200 hectares of land for the projects ranging from private, built operate and transfer projects and other partnerships.

Mzembi said Zimbabwe needed to create legacy projects that will benefit future generations as has happened with the former Harare Sheraton now Rainbow Towers which was built in 1992 before the country hosted the Commonwealth heads of State and government meeting (Chogm).