VOL. NO: 48      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Emirati investments are booming in Tunisian business

Emirati companies are increasingly attracted by Tunisia's business climate and entrepreneurship potential. After "Tecom Dubai", a branch of the Dubai Holding Group won the bid to buy 35% of Tunisie Telecom, Tunisia's largest telephone operator. And the announcement by Emirates that it would start a five days per week connection between Dubai and Tunis at the end of this month, has caused three other major Emirati projects to become interested in Tunisia. 

One concerns the forthcoming building of the Tunis 'Sports City' by the Boukhater Group in the newly reclaimed North Lake Area, while the second concerns the building of a tourist project dubbed 'El Qoussour' by Emaar near Hergla, over an area covering some 442 hectares. 

Finally the third project which has been described as the main investment in modern Tunisia, will consist of the building in the Tunis Southern Lake area of a super project involving a business center, marinas, residential and commercial ventures, sports facilities and non-polluting industries. Estimated at some $10 billion, the new city will considerably enhance the capital, while transforming its landscape.

 

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