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Tunisia: Tunis Financial Harbor project to kick-start in December

Chairman of the Board of Directors of the Tunis Financial Harbour Project and Board Chairman of the “Gulf Finance House” Issam Youssef El Janahi announced that the first phase of this project will commence in December 2010.

On the occasion of his visit to Tunisia as part of monitoring the implementation of that project, Mr. El Janahi pointed out, during a press conference held on Wednesday in Gammarth (northern suburb of Tunis), that the detailed development plan will be presented next September in order to obtain the State’s approval.

Tenders will, then, be prepared to choose the company which will ensure the achievement of the first phase of the project that stretches over 200 hectares and the name of this company will be announced next December.

Mr. El Janahi reminded that the Tunis Financial Harbour Project Company has signed an agreement worth 14 million dinars with the Tunisian Computer Engineering Company (STUDI), tasked with preparing infrastructure models of the entire project and another 10-million-dinar contract with multi-disciplinary consultant “SCET Tunisia” for the management of the project’s infrastructure.

He stressed his commitment to achieving the Tunis Financial Harbour, specifying that the Gulf Finance House (GFH) Group has created an investment fund to which contributes several investors, in addition to GFH, to achieve this project.

All components of the project, whose total cost is between 4 and 5 billion dollars, will be completed on several stages and priority will be given during their implementation to Tunisian companies and workforce, he underlined.

Mr. El Janahi said the Tunis Financial Harbour will help attract foreign investors to Tunisia and make the country a pole of financial services in North Africa.

He had, earlier, visited the project site which stretches over 523 hectares and is located at El Hasiane, delegation of Kalaat El Andalous (Governorate of Ariana).

The Tunis Financial Harbour will host a banking investment centre, a corporate centre, an insurance centre “Takaful” and an international school of business.

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