Zimbabwe is set to generate at least US$2.5 billion through a stainless steel deal concluded with a Chinese firm, Tsingshan (Pvt) Limited.

This comes as several investment deals are projected from the pool of billionaires currently in the country scouting for investment opportunities.

Speaking in Harare today, the Minister of Mines and Mining Development, Cde Winston Chitando said the finalisation of the stainless steel deal will further vault the cumulative investment into this sector to close to 10 billion within a space of six months.

The Chinese investors are also spreading their portfolios into energy, construction, banking, manufacturing and tourism.

The tourism sector is boosted by the US$1.2 billion memorandum of understanding (MOU) sealed with Touchroad International early this year.

Zimbabwe is looking to fish into a lucrative portfolio exceeding US$30 billion from the visiting Chinese delegation boasting of a pool of 50 billionaires.

According to the Zimbabwe Investment Authority (ZIA) CEO, Mr Richard Mubaiwa, such investments will usher in new projections for processed projects this year.

Zimbabwe’s open business narrative is paying dividends and with a promise by the highest office for investor protection and policy consistency, experts are confident of robust growth in foreign direct investment (FDI) going forward.