Italian firm plans $22 bln Tunisia resort -magazine
Wed 6 Feb 2008, 13:18 GMT

TUNIS, Feb 6 (Reuters) - Italian property firm Ernesto Preatoni Group will invest 15 billion euros ($22 billion) in a luxury resort of hotels and holiday homes in northwest Tunisia, a Tunisian magazine reported on Wednesday.

"We'll build a high-class tourism complex, hotels, leisure centres and ports in the northwest of Tunisia at a cost of 15 billion euros," Milanese businessman Ernesto Preatoni was cited as saying by magazine El Moulahedth.

"Work will start before the end of this year. It will last 12 years," he added.

Tunisia is eager to attract more foreign investors to spur stronger growth, crucial to reducing a jobless rate of 14.3 percent.

The north African country wants to diversify its tourism business away from the traditional beach market to attract higher-spending holidaymakers.

Real estate baron and financier Preatoni owns Domina, a company with a chain of 40 hotels in 15 countries, and has investments in Egypt and India. (Reporting by Tarek Amara, editing by Tom Pfeiffer/Will Waterman)

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This is a really good news for Tunisia again after the Mediterranean gate a project of 14 billion dollars , The new Sport City 2.5 billions , the Financial Park el maabar and Bled El ward with an investments of 10 billions, Al Qussor by Emaar in Hergla now Petraoni is planning ti invest 22 Billions in the North west !!! :banana::banana::banana:

We really needed this project in that area to boost the ecobomy !

Tunisia is profiting and will continue to profit a lot from the proximity to Europe. The French, Italian and Spanish markets are already saturated, so they move beyond their national confines. Same for Dubai, the Gulf countries will reach a point of saturation in the years ahead so they are looking for stable countries to invest huge sums of money. Tunisia would also be my country of choice if I were an investor. :cheers:

Tunisia is profiting and will continue to profit a lot from the proximity to Europe. The French, Italian and Spanish markets are already saturated, so they move beyond their national confines. Same for Dubai, the Gulf countries will reach a point of saturation in the years ahead so they are looking for stable countries to invest huge sums of money. Tunisia would also be my country of choice if I were an investor. :cheers:


You are a wise man lol :)

Seriously this projects means a lot for the north east region of teh country , the investments does not suffice the needs of teh region.

with the situation in algeria , the tunsiian governments did not invest that much in the area.

Another factor ; the algerians Economy is growing pretty fast and last year we welcomed more than a million of them as tourists in our country .

with the completion of the Transmaghrebian highway the the elite of Algeria will be seduced bythis new complex .

same thing for the Italians that adopted that area ( tabarka0 as their favorite destination in Tunisia ...

Tunisia's political stability has a lot to do with its silent rise to an economic power in Africa. Its good that the country is looking towards europe as a role model for development, instead of narrowmindedly competing against african states for "continental supremacy". The South African regime is too often bragging about being #1 in Africa on various issues, yet lack far behind when compared to successful countries outside the continent.
...OK, not really what this thread is about. Good on you Tunisia!

Funny, we thought from our visit to Tunisia that it is going to take off in a big way.

We're hoping to have our company there next year with anyluck.

Tunisia's political stability has a lot to do with its silent rise to an economic power in Africa. Its good that the country is looking towards europe as a role model for development, instead of narrowmindedly competing against african states for "continental supremacy". The South African regime is too often bragging about being #1 in Africa on various issues, yet lack far behind when compared to successful countries outside the continent.
...OK, not really what this thread is about. Good on you Tunisia!

With all respect but the biggest economies in Africa are still South-Africa, Egypt, Nigeria, Algeria, Morocco..

And if you look witch countries are seen as developing economies in Africa (because the have growing FDI in all sectors, a divers economy, etc) And those are South-Africa, Egypt and Morocco...

With all respect but the biggest economies in Africa are still South-Africa, Egypt, Nigeria, Algeria, Morocco..

And if you look witch countries are seen as developing economies in Africa (because the have growing FDI in all sectors, a divers economy, etc) And those are South-Africa, Egypt and Morocco...

Sorry to disapoint you but according to the last DAVOS REPORT TUNISIA is most COMPETITIVE COUNTRY IN AFRICA by far


HERE IS THE LAST REPORT OF 2008

United States 1 5.67
Switzerland 2 5.62
Denmark 3 5.55
Sweden 4 5.54
Germany 5 5.51
Finland 6 5.49
Singapore 7 5.45
Japan 8 5.43
United Kingdom 9 5.41
Netherlands 10 5.40
Korea, Rep. 11 5.40
Hong Kong SAR 12 5.37
Canada 13 5.34
Taiwan, China 14 5.25
Austria 15 5.23
Norway 16 5.20
Israel 17 5.20
France 18 5.18
Australia 19 5.17
Belgium 20 5.10
Malaysia 21 5.10
Ireland 22 5.03
Iceland 23 5.02
New Zealand 24 4.98
Luxembourg 25 4.88
Chile 26 4.77
Estonia 27 4.74
Thailand 28 4.70
Spain 29 4.66
Kuwait 30 4.66
Qatar 31 4.63
Tunisia 32 4.59
Czech Republic 33 4.58
China 34 4.57
Saudi Arabia

MOrrocco : 64

Egypt 77

SA : 44

Algeria 81

Tunisia is ranked 32

here is the link (http://www.gcr.weforum.org/)

:)