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HomeNewsTunisia: expat investor plans to create 3.5 billion TD project in Sfax

Tunisia: expat investor plans to create 3.5 billion TD project in Sfax

A Tunisian businessman living in Saudi Arabia, Abdellatif Khemakhem, expressed at his meeting, Friday, July 6, with Governor of Sfax, Fethi Derbali, his intention to implement a major project in Sfax whose investments will reach about 3.5 billion dinars.

The project, to be ready late 2014, can generate up to 25 thousand jobs including 10,000 direct jobs.

According to information provided by an official of the governorate to the local correspondent of TAP news agency, this project is a “city of science and business” including a private university campus, economic institutions translating economic partnership and complementarity between components of the university and its institutions in different specialties.

He explained that the project includes, also, a tourism school, a hotel and a faculty of pharmacy, with next, a unit for the production of medicines and a medical school with a modern private clinic.

The project will be implemented in three stages. The first includes faculties of engineering in all its branches, one for business management (Academy of governance and leadership), and a faculty of economics and management and another for tourism. All these institutions will be accompanied by economic companies in the same specialties.

The project promoter said at his meeting with the governor that he will appeal to Tunisian high skills, and seek cooperation and coordination with major U.S. universities in different specialties.

Speaking of the project funding, Abdellatif Khemakhem it will be Tunisian, Arab and African, thank


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