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HomeFeatured NewsTunisia Economic City: A megaproject $ 50 billion provider of 250,000 jobs

Tunisia Economic City: A megaproject $ 50 billion provider of 250,000 jobs

After the international conference “Invest in Tunisia, Start-up Democracy,” an event of the first magnitude dominated the country’s economic scene on September 9. It is the launch of a mega project, the “Tunisia Economic City” (TEC), which will be built south of the city of Hammamet 97 km2 from Tunis.

With a budget of $ 50 billion, the project will mainly contribute to the creation of 250,000 jobs in different sectors, according to the founders of this project.

The components of TEC

The concept is to build the first modern economic, tourist, cultural and social city that will meet the global standards. Located next to the Enfidha International Airport, it will stretch to the delegation Bouficha, nearly 14 km south of Hammamet.

Spread over an area of 90 square kilometers, the city will, in fact, be composed of a commercial and tourist port, an industrial city, a free storage area, an area for fairs and free trade, an area downtown with an older city part, a media city, a medical city and another for scientific research and development, a city for the manufacture of drugs, a very high standard hospitality and tourism city, a residential city with tall towers that will culminate in the sky, big shopping malls, a sports city, another for entertainment and a skating and skiing city among the world’s most luxurious.

The industrial zone will cover 15.05% of the total area, marking it the first specialized storage in the industrial city. Regarding the free storage area, it will be built on 7.27% of the total area of the project and will include storage services and logistics services.

Riadh Khalifa Toukabri, founding president of the Tunisia Economic City said the project will be managed by a holding group that will be responsible for supervising all the phases of execution so that this project would be a “smart” city.

Toukabri who was enthusiastic said the Executive Board of the project chose to diversify partners in order to meet this challenge. “We are ready to complete this project and we are aware that the goal will certainly be achieved especially with a sincere desire observed among partners to carry out this project,” he assured us.

He added that “with this desire, we will certainly continue negotiations with the interim government, but we are sure that everything will go in the right direction after the next election since Tunisia has chosen a new vision so that the future would be focused on an economic revolution.”

He also stated that negotiations with Tunisian policymakers will continue until the signing of several agreements with stakeholders.

These consultations seem positive with the guarantees provided by the official spokesman for the government, Nidhal Ouerfelli who has asserted that the country is now ready to invest in this kind of projects in this particular favorable climate where transparency remains the major asset of that country.

For his part, Saudi Deputy Crown Prince Fahd Bin Muqrin, co-founder of the project said the “Tunisia Economic City” will contribute to the development of all the Tunisian economic system, to provide the country with a geo-economic dimension and make it a gateway of the Mediterranean and an area of international free trade.

Entry into execution in 3 years

When asked by us on the exact date of the project implementation, Toukabri said it will be in three years if all agreements are signed. “We need this time for us to choose the Tunisian developers who will take on this project,” he said, noting that it will be achieved by purely Tunisian skills.

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