GFH showcases $3bn Tunisian project
Tunis, June 5, 2013
Bahrain-based Gulf Finance House (GFH) is showcasing its $3 billion mixed use development Tunis Financial Harbour as a model for co-operation between local and international investors in Tunisia.
Tunis Financial Harbour (TFH) was launched in 2008 as a joint venture between GFH and local investors seeking to create a financial services gateway at the crossroads of the Mediterranean, Middle East and Africa, reported the Gulf Daily News, our sister publication.
The project was featured in Business & Finance Tunisia 2013, an investment forum attended by Tunisian Prime Minister Ali Larayedh, Minister of Development and International Co-operation Lamine Doghri, Minister for Economic and Social Affairs Ridha Saidi in addition to other ministers and ambassadors as well as more than 500 local, regional and international investors, businessmen and media.
The event served as a platform to highlight investment opportunities across key sectors in Tunisia.
This has seen major multinationals like Microsoft, Kia Motors and Qatar Telecom establish a local presence in recent years, and to create a forum for connecting investors from around the world with local partners.
"We're pleased to have had the opportunity to present the project to the Prime Minister, the invitees and new investors seeking opportunities in Tunisia," TFH chief executive Lotfi Ezzar said.
"We have put in place a comprehensive plan for TFH, which will see the project develop into a financial gateway connecting Europe, the Middle East and Africa and in turn help Tunisia emerge as a leading hub for commercial and leisure tourism," he added.
"The forum highlighted Tunisia's unique geographic position, its highly skilled and educated work force and its strong pro-business policies and infrastructure," the project's sponsor bank GFH's senior executive director Elias Karaan said.
TFH, to be built across 523 hectares, aims to be the first world-class offshore financial centre in North Africa.
Once fully developed, TFH will feature residential and retail spaces, an 18-hole championship golf course, a beach community, suq, marina and shopping malls as well as a business university, which will together create 16,000 jobs and accommodate 110,000 residents.-TradeArabia News Service