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The "GULF Finance House" creates a mega project in Tunis 





| The "GULF Finance House" creates a mega project in Tunis |
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| Written by Webmaster | |||||
| Saturday, 15 December 2007 | |||||
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Source: Lapresse
By: Dorra BEN SALEM The "GULF Finance House" creates a megaproject in Tunis - Three billion dollars of investment. A multidimensional project with dominant financial of an investment of three billion dollars which extends on a surface from 450 ha and whose work will be completed in 2010. Tunisia, a future international money market Tunisia does not cease winning the bets as regards development economic at the point to become a favorable ground which attracts the international investors and encourages them to contribute in their turn with this rise to widen this multidimensional economic platform and to carry out profitable projects. Among the large international investors appears the GULF Finance House, one of the banks leaders in the area of the Gulf and whose interventions as regards great projects took part in the radiation of several Arab and Eastern countries such as Qatar, India, Jordan and Morocco.Today, and convinced of the strategic economic positioning which characterizes Tunisia, the GFH considers the creation of a financial port in Tunis which promises to be the first offshore oil rig financial center of North Africa. Mr. Essam Jenahi, chairman of the board of the GFH, held, yesterday, in Gammarth, a point of press which made it possible to raise the veil on this mégaprojet. Indeed, following the signature of a draft-agreement between the GULF Finances House and the Tunisian government which goes back to a few weeks, Mr. Esam Jenahi was received by the President of the Republic. It thus presented at the Head of the State the project of the financial port of Tunis. The port extends on a total surface from 450 ha and requires an investment of three billion dollars. It will be set up in the zone of Raoued-North, in the suburbs of Tunis. "We currently focus on the installation of new financial centers in particular after the closing of the financial markets of Hong Kong and Singapore. The financial port of Tunis lies indeed within this scope. After the study, we found that Tunisia is the North-African country placed best to shelter such a project thanks to the importance of its competitiveness, his option for a partnership with the European Union and the establishment of a free trade area between two banks of the Mediterranean. Moreover, Tunisia records since 1987 an average growth of more than 5% per annum. The financial port of Tunis will thus make it possible Tunisia to acquire an important place as regards financial services on the international level ", indicates Mr. Jenahi. This project consists in setting up two buildings likely to accomodate the great world centers offshore oil rig. It will thus include/understand a center this co-operation, a banking center of investment and council, professional offices, a center of insurance "Takaful" as well as a center of transactions. It will also include the introduction of a whole space of leisures which includes/understands a marina, a commercial and residential complex of villas, commercial buildings, a golf course, a stage, but also a school of international business as well as hotels of business. Mr. Jenahi indicated that the GFH counts on the confirmed competence of the Tunisian executives in the fields relative to the installation of the project. He noted, moreover, that the financial port of Tunis will offer to Tunisian competences to 16.000 stations of employment in several sectors.The person in charge specified that the companies concerned with this project ensured a capital of two billion dollars of which 50% will be reserved for the payment of the employees. On another side, and in addition to the socio-economic contribution of the project and the promotion of a technological infrastructure and services in the field of the development of the country, the financial port of Tunis will be of a great profit for the Maghreb countries like those, of the African continent. Mr. Jenahi stressed that the control of the financial activities will be ensured by independent legal parts compared to the financial center. "It is very important that the legal aspect is independent so that the financial activities are done in all transparency and under the sign of absolute credibility. For this, we count much on the relevance of the Tunisian legislation ". The blow of sending of work of this mega project will be given to the mid-February 2008. Mr. Jenahi indicated that the financial port of Tunis will be ready in 2010.
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| Last Updated ( Saturday, 15 December 2007 ) | |||||