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Manzungu vows to bring international investors in the construction sector

MARTIN MAWAYA

KUALA LUMPUR-Zimbabwe delegation attending the International Construction Transformation Conference (ICTC) and the Build Xpo in Kuala Lumpur, Malaysia has vowed to charm internationally acclaimed industrialists to invest in the local construction sector.

 Zimbuild chief executive officer, Dr Tinashe Manzungu told The Midweek Watch that the conferences is an opportunity to create synergies between the local building and construction industry players and the outside world.

He said the Xpos will mark the International Construction Week (ICW), which is anchored on the need to incorporate sustainability in the construction industry.

Sustainability has become increasingly important for the construction industry due to the impact of the industry on the environment and society.

Manzungu, who is also the vice-president of the Zimbabwe Building Contractors Association (ZBCA), is part of a delegation that includes ZBCA members, local authorities’ officials and representatives from the Urban Development Corporation.

The ZBCA vice president said the lined up conferences are meant to build partnerships and networks in the industry at a global level.

“This gathering aims at exposing us to sustainable financing initiatives, affordable housing finance, green building projects as well as modern construction methods,” said Manzungu, adding that the delegation is looking forward to sustainable profitable partnerships.

He said the delegation that include officials from the Zimbabwe Embassy to Malaysia will meet with international-acclaimed contractors, investors and funders.

“For us it’s a learning curve because since 2021 the Government of Zimbabwe has put in place policies for indigenous persons to easily get into the construction industry to develop the country.

“So, we are here to learn, adapt, change and modernize our systems,” added Manzungu.

 Manzungu said he was thrilled by a lot of innovation premised on new technologies and how Malaysian financial institutions are involved in the building and construction industry.

“We are seeing a lot of movement in terms of construction technologies and the simple case of infrastructure funding where you see that the Export Bank of Malaysia is also taking part in developing the world with Africa being their key strategic destination,” he said.

“We look forward to further engagements and as Zimbabwe we have started to grow from an industrial point of view”.

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