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Old February 21st, 2008, 11:52 PM   #1
Tounsi
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TUNISIA | Projects & Construction

TUNISIA, NORTH OF AFRICA





TUNISIAN FLAG



Population:

* 10.1 million

GDP (PPP):


* $69.5 billion
* 5.5% growth in 2006
* 4.5% 5-year compound annual growth
* $6,860 per capita

Major Cities:
* Tunis metro : 3,980,500
* Sfax metro : 985,500
* Sousse metro : 325.000

Unemployment:

* 14.1%

Inflation (CPI):

* 3.1%

FDI Inflow:

* $3.3 billion



Capital City: Tunis (+1 GMT)
Chief of State: President Zine el Abidine BEN ALI
Head of Govt.: Prime Minister Mohamed GHANNOUCHI
Currency: Tunisian dinar
Main Cities: Sfax, Nabeul, Sousse
Major Languages: Arabic
Calling Code: 216
Voltage: 110/220V
Stock Exchanges: Tunis Stock Exchange
Primary Religions: Muslim
Main Airports

Monastir (MIR) (Skanes), Tozeur (TOE) (Nefta), Tunis (TUN) (Carthage International)




Major Industries:
petroleum, mining (particularly phosphate and iron ore), tourism, textiles, footwear, agribusiness, beverages



STRENGTHS


* The country enjoys substantial assets including proximity to the European market, vast tourist potential, and political stability.
* With its economic diversification and liberalisation policy, Tunisia has won the international community's political and financial support and facilitated its access to international capital markets
* The partnership agreement with the European Union has spurred progressive upgrading of industry, infrastructure, and the financial sector.
* Access to education and a developed social security system have fostered a reduction in inequalities and the emergence of a dynamic middle class.


WEAKNESSES



* Endowed with limited natural resources, Tunisia's economic growth has been dependent on exogenous factors like European demand and weather conditions.
* Tourism remains vulnerable to the terrorist threat.
* An increasingly open economy and the end of the Multifibre Arrangement in 2005 impose continuing efforts to diversify and improve the competitiveness of industrial production.
* The financial sector continues to suffer from a high rate of non-performing loans (19 per cent end 2007).
* High unemployment — 14 per cent of the working population — mainly affects youth with 30 per cent of those between 15 and 25 unemployed.







CITY OF THE CENTURY : THE MED GATE 25 BILLIONS US BY SAMA DUBAI






The Mediteranean Gate : 25 Billions US

















This new area will have an ultramodern center and towers dozens of floors high, home to both offshore company offices and headquarters as well as luxury residences with commercial mega centers and one or two leading hotels. A highlight of the initiative is a striking marina and around the yachting slips will be luxury residential buildings, tourism establishments and upscale leisure facilities like restaurants, cafes, etc.

Beyond the central area, to the south, land will be developed for luxury housing and cultural and sporting complexes, with plenty of greenery. The ultimate goal is to make Tunis a busy economic platform for regional activities and an active, prosperous upscale financial and service center, a prime site for the convention trade and medical tourism, and a crossroads between Europe, the Middle East and Africa .

Impact on growth


Construction of this area, which will last a minimum of 10 years, will after two years of technical and economic studies have generated at least 8000 to 9000 jobs. Once the area is operational, there will be 130,000 permanent jobs created directly or indirectly. Economists estimate additional GDP growth of 0.6% per annum as a result of this program, representing 10% of projections for the 11th Plan (6% of annual GDP growth).

Projects related to the overall building of this area will cover 26 million square meters, an average of 2.6 million covered square meters a year. This compares to 5 million square meters of housing a year being built at this time. This project will therefore increase by 50% national initiatives in the sector, involving a 50% increase in potential industrial production of building materials

Last edited by Tounsi; May 14th, 2009 at 01:01 AM. Reason: UPDATES
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Old February 21st, 2008, 11:56 PM   #2
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I'm guessing that this is all funded by oil.
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Old February 21st, 2008, 11:58 PM   #3
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HERGLA : Marina Al Qussor







Emaar Properties PJSC, the world's number one property developer, today announced its plans to develop the AED 6.7 billion (US$1.88 billion; TND 2.54 billion) Marina Al Qussor project on Tunisia's eastern coastline.

The 442 hectare Marina development is located within the county of Sousse towards the southern end of the Golfe de Hammamet and will offer a mix of living options and tourist attractions with a large Marina Village at its centre.

At a special ceremony in the capital Tunis yesterday, Emaar Chairman Mohamed Ali Alabbar presented the high profile project to the Tunisian President Zine El Abidine Ben Ali. The project will add a premier tourist destination on the southern shores of the Mediterranean away from the hustle and bustle and yet be closely located to Tunisia's key cultural sites for tourists to explore.


Speaking at the event Mr Alabbar said: 'We are honoured to showcase Marina Al Qussor to Tunisia's President Zine el Abidine Ben Ali today. Tunisia is a country rich in heritage and we look forward to the opportunity of adding to its world class attractions with the development of Marina Al Qussor. This project is a timely addition to Tunisia's thriving tourism industry which has been attracting the world's attention.'

'Yesterday's presentation sees us looking at other parts of North Africa for the development of our master planned communities and lifestyle options that have become synonymous with Emaar. With its thriving tourism industry, Tunisia is a significant market for Emaar to roll out such communities that offer everything from a thriving resort atmosphere to a quiet retreat,' said Mr Alabbar.


Emaar's Marina Al Qusoor development is in line with Tunisia's tourism policy which is currently focused on residence tourism which enables high end tourists to buy homes in areas with beautiful landscape for longer stays. The country attracted 6.4 million tourists in 2005 and is aiming for tourism revenue of close to US$2 billion in 2006.

The various components of Marina Al Qussor range from over 4,000 residential units with villas, townhouses and apartments located on the lakeside, beach, marina and quayside; six hotels ranging from luxury boutique to four star located on the beach and marina; leisure facilities with the marina, yacht club, beach clubs, spa resort, sports club, 18-hole golf course, clubhouse, driving range; and retail space located on the marina and quayside.

The development offers a series of ever changing environments ranging from natural lakes to golf landscapes and olive groves to the existing El Medfoun forest and sandy beaches. In contrast to these natural landscapes, the central marina village area will offer the ideal backdrop to the hustle and bustle of the resort centre. The village will become the heart of the resort with shops, restaurants and apartments surrounding the 400 berth marina that will support boats of all sizes including large private boats that cruise the Mediterranean.

The architectural character of the development is based on numerous distinctive traditional Tunisian elements from building techniques to styles and materials. Low rise buildings add to the charm of the site allowing uninhibited views across the development

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Old February 22nd, 2008, 12:05 AM   #4
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Enfidha Airport: New Hub of Africa

















Tunisia is a country which has promoted its assets well. It has developed facilities for tourism and is now one of the premier destinations in Africa for holidaying Europeans with year round sunshine, excellent hotels and beaches, fine golf courses and first-class service.

"The terminal building will be covered with a light roof in a futuristic design in the form of giant wings."The country contains a large proportion of the Sahara Desert but even this is an asset to tourism.

Tunisia may be reached by travelling to one of six international airports around the country: Tunis-Carthage (8km from the capital Tunis), Jerba–Zarzis Airport, Monastir H. Bourguiba Airport, Sfax–Thyna Airport, Tozeur–Nefta Airport or 7 Novembre–Tabarka Airport. All of these airports are fairly small with limited facilities for the sophisticated air traveller.

In 2004 the Tunisian government decided that a new airport should be built on a 6,500ha site at Enfidha – a state-of-the-art international airport complex with first-class shopping, restaurants, entertainment facilities and service for the airlines and passengers. More importantly the airport was to be situated at Enfidha, to the north east of the country about 80km south of the capital Tunis but in the middle of a major tourist region.

The planning and design had almost been completed but unfortunately due to a combination of circumstances, including a breakdown in negotiations over the terms of building the airport, problems in raising the funding and political manoeuvring the airport was never built and the project was shelved.

ENFIDHA AIRPORT PROJECT REVIVED
During 2005–2006 the project was revived by the Tunisian government eager to complete the new airport under a Build Operate Transfer (BOT) basis with a 40-year concession and it will now definitely go ahead. Tunisian President Zine el-Abidine Ben Ali is keen to get the project underway as he would like it near completion before he seeks a fifth term in office in the 2009 elections.

The Tunisian government has accepted that the new airport will not be as luxurious as originally envisaged. Demands for a costly state-of-the-art facility were seen as a discouragement to potential bidders, since the airport will serve mainly tourist charter flights. A consortium led by Rothschild is advising the Tunisian government on financing the new airport.

The new airport will now help to ease the passenger and goods traffic which passes through the Tunis-Carthage airport. It will be conveniently located in an area to serve the tourist regions of Yasmine Hammamet and Port Kantaoui (near Hergla), Nabeul and Sousse as well as the towns of Tunis, Sfax, Bizerte and Kairouan.

PROJECT, BIDS AND CONTRACTS

Aéroports de Paris (ADP) completed the design of the new international airport at Enfidha in the final quarter of 2001 (contract worth $9.6m) and also prepared the tender documents for the contracts relating to the construction in mid-2006. The construction plans call for building the airport in several phases; the first phase of the airport will have a passenger handling capacity of five million a year. However subsequent phases are expected to increase the capacity to ten million and then 30 million in the longer-term.

"Tunisia is now one of the premier destinations in Africa for holidaying Europeans."The Tunisian Government (Ministry of Communications Technologies and Transport) and the Tunisian Airport Authority (OACA) has approved the design brief for the project produced by ADP and pre-qualification candidates are expected to respect this in their basic offer. However, they can also propose a variation that would improve the quality of service to passengers and the overall operational and economic profitability of the project.

The deal offered by the Tunisian Airport Authority will now also include the existing airport at Monastir, 60km from the proposed Enfidha facility. Its inclusion is important to give the selected operator a revenue stream during construction and to remove the issue of competition between the two airports.

The six pre-qualifiers for the BTO contract are: Tepe AkfenVentures (TAV) of Turkey; Aéroports de Paris and Vinci of France; Hochtief, SNC Lavalin and Aéroport de Nice; Airports Company South Africa; Aeropuertos & Servicios Auxiliares with Immobilliaria Furnisa of Mexico; Corporación América Sudaméricana of Argentina.

The first three are viewed as the front-runners for the project but the Hochtief / SNC Lavalin / Aéroport de Nice joint venture is expected to win the tender for the construction and management concession of the new Enfidha Airport. Hochtief have used ARC (Airport Retail Consultants) to assist in developing forecasts of retail revenue, space requirements and potential rental income for their BOT bid for the new airport.

ENFIDHA AIRPORT DESIGN AND PURPOSE
The principal architectural theme for this airport is to be modern. The airport is set to be a symbol of the country and must reflect the image of modern Tunisia.

The design of the terminal was conceived in the form of square diamond, the point of which is directed towards the landing strips. The terminal building will be covered with a light roof in a futuristic design in the form of giant wings. The impression of the traveller is expected to be 'it is not the plane which takes off but the whole of the airport!'

"The use of clever glazing in the building will allow light to permeate the whole interior of the airport."The external façade will show a clear division between the lower level and that of the upper levels of the building. The use of clever glazing in the building will allow light to permeate the whole of the interior space. A large patio will be established in the centre of the building and different gardens will be established between the runway area and the departure lounges to give the passengers chance to relax. The interior design will be a subtle mixture of traditional and modern styles.
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Old February 22nd, 2008, 12:10 AM   #5
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wow, impressive projects!
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Old February 22nd, 2008, 12:11 AM   #6
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http://www.dailymotion.com/video/x4e...-emirates_news
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Old February 22nd, 2008, 12:18 AM   #7
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The new Tunis Sport City

The new Sport City :











a press conference held on Tuesday in Tunis , Mr Youssef Al Nowis, Al Maabar's CEO, said that the first part of the project, will be completed within 5 years, and that the remainder will be built in stages over 20 years, at a cost of 13 billion dinars (10 billion dollars). He added that land development studies will be entrusted to Tunisian companies. The building of the project is expected to generate some 10,000 jobs

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Old February 22nd, 2008, 12:21 AM   #8
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Quote:
Originally Posted by Hed_Kandi View Post
I'm guessing that this is all funded by oil.
Hey Hed Kandi,

The project is indeed funded by the emirates investsments groups such as Sama Dubai or Emaar since Tunisia as a country does have enormous potential but limited ressources ...

We don't have oil we have our mans and womans that are working for this tiny country , the most developped and the most modern economically and socially in the Arab World ..

I did not know that you had other interest than Dj ing hed love your mixes
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Old February 22nd, 2008, 12:23 AM   #9
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Quote:
Originally Posted by ZZ-II View Post
wow, impressive projects!
they are true there are other projects just signed lately . Specially two projects Al Maabar with 10 billions US dollars and the new projects of Petraoni investments ( italian group) , an investsments of 22 BILLION DOLLARS!!!!!!!!!!!!!!
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Old March 22nd, 2008, 08:18 PM   #10
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Is it all in Tunis or in Sfax, Monastir, or other too ?

Impressives projects, but it's a bit too similar with all projects in Qatar, EAU, ect...
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Old March 28th, 2008, 08:54 PM   #11
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Quote:
Originally Posted by ParisianStyle View Post
Is it all in Tunis or in Sfax, Monastir, or other too ?

Impressives projects, but it's a bit too similar with all projects in Qatar, EAU, ect...
At this moment there are a lot of projects around Tunis of course but some of the mega-projects such as the new Airport for instance are located in enfidha 60 km away of Sousse ..

Whta do you eman by similar to dubai etc .. I think that all the porjects looks very tunisian to me lol just look at the renders and you will notice that the tunisian architecture is everywhere and nowadays with the new building components and the trends we have to be avant-garde and offer something that will please everybody but still holding to our " cachet "
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Old March 28th, 2008, 08:58 PM   #12
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Quote:
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The Mediteranean Gate : 14 Billions US













This new area will have an ultramodern center and towers dozens of floors high, home to both offshore company offices and headquarters as well as luxury residences with commercial mega centers and one or two leading hotels. A highlight of the initiative is a striking marina and around the yachting slips will be luxury residential buildings, tourism establishments and upscale leisure facilities like restaurants, cafes, etc.

Beyond the central area, to the south, land will be developed for luxury housing and cultural and sporting complexes, with plenty of greenery. The ultimate goal is to make Tunis a busy economic platform for regional activities and an active, prosperous upscale financial and service center, a prime site for the convention trade and medical tourism, and a crossroads between Europe, the Middle East and Africa .

Impact on growth

Construction of this area, which will last a minimum of 10 years, will after two years of technical and economic studies have generated at least 8000 to 9000 jobs. Once the area is operational, there will be 130,000 permanent jobs created directly or indirectly. Economists estimate additional GDP growth of 0.6% per annum as a result of this program, representing 10% of projections for the 11th Plan (6% of annual GDP growth).

Projects related to the overall building of this area will cover 26 million square meters, an average of 2.6 million covered square meters a year. This compares to 5 million square meters of housing a year being built at this time. This project will therefore increase by 50% national initiatives in the sector, involving a 50% increase in potential industrial production of building materials













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Old March 28th, 2008, 09:02 PM   #13
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marina of BIZERTE U C

The project includes the construction of a commercial and entertainment centre (12,000 sq. m), an aquarium (2,500 sq. m), a housing complex (40,000 sq. m), a marina with 1550 moorings, a technical port and luxury hotels. The aim of the marina is to attract large yachts to meet the growing demand of moorings in the Mediterranean Sea.










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Old March 28th, 2008, 11:34 PM   #14
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Cite de la Culture - UC (in french )

Il a fallu deux ans pour que le programme fonctionnel et technique du projet soit bouclé.

Une délégation de la direction des bâtiments et des affaires foncières du ministère de la Culture et de la Sauvegarde du patrimoine a dû effectuer des visites dans plusieurs pays du monde ayant des projets similaires.

Les conseils des experts étrangers ont été d’une grande utilité pour une première élaboration du projet.

Ce n’est qu’en 1999 qu’un concours national avec participation étrangère a été lancé. En l’an 2000, la conception du projet a été arrêtée.

C’est un groupement de concepteurs tunisiens dont le mandataire est l’architecte Riadh El Bahri, qui a remporté le concours.

ہ l’étape suivante, il a fallu lancer un premier appel d’offres pour la construction des fondations profondes. «Nous sommes allés chercher un bon sol de la profondeur de 60m», explique M. Fethi Kouched, directeur responsable de l’exécution du projet.

«Le terrain étant vaseux, il a fallu couler 560 pieux sur lesquels on devait poser le projet…», explique-il en détail.

«On a utilisé un béton spécial avec Simon HRS qui résiste aux agressions chimiques du sol». Et d’ajouter «qu’unpieu sur trois est équipé de tubes d’auscultation soniques qui permettent de vérifier la bonne exécution et la résistance du béton».

Plus tard, pour la réalisation du projet, un deuxième appel d’offres a été lancé. Celui-ci a été remporté par une entreprise tchèque qui a démarré les travaux le 1er février 2006 pour un délai de 30 mois. «Ce qui nous ramène à la date prévisionnelle de l’achèvement des travaux en août 2008», déclare M. Kouched

Rappelons que le terrain réservé à la cité de la culture est une zone charnière entre la ville basse du centre de Tunis et les Berges du Lac.

Cette zone est délimitée d’un côté par l’avenue Mohamed-V, et de l’autre par le boulevard du Grand Maghreb (la Z4).

Le terrain, d’une superficie avoisinant les 9 hectares, aura une surface totale à construire de 70.836 m2.



Le projet



2008 serait donc éventuellement la date de l’achèvement de la première tranche du projet de la cité de la culture qui s’étalera sur 49.000m2 couverts et sera constituée, en premier lieu, d’un ensemble d’espaces de spectacles scéniquesdont un opéra de 1.800 places, un auditorium de 700 places, une salle de théâtre expérimental de 400 places, et 7 studios de production de musique, de théâtre et de danse.

Dans cette première tranche, émergera également une médiathèque, une cinémathèque et une galerie nationale d’art et d’exposition pourvue de toutes les commodités (sécurité et conservation) nécessaires à l’exposition de n’importe quel type d’œuvre d’art. Encore une merveille: une tour, appelée «la tour de la culture», s’élancera sur une hauteur de 60m. Il s’agit d’une boule de verre posée sur une structure en béton et à travers laquelle les visiteurs pourront observer le Grand-Tunis.

On a également conçu un ensemble de locaux dédiés aux commerces attachés à la culture. Ces locaux ont été organisés autour de deux grands patios, un minéral et un végétal.

Entre les deux, il y aurait un atrium (espace de distribution et d’accueil) dans lequel on pourrait servir tout le programme de la Cité ainsi que la programmation culturelle de tout le pays.

Concernant la deuxième tranche, il s’agira de construire le Musée des civilisations. Celui-ci s’étendra sur 22.000m2 couverts.

Ce projet qui démarrera à une date ultérieure pas encore définie, se développera autour de cinq thématiques différentes retraçant l’histoire trois fois millénaire de la Tunisie.

C’est un musée sans collections ni pièces authentiques où le visiteur devrait pouvoir voyager à travers une scénographie muséologique basée sur des moyens audiovisuels et informatiques.



Un style arabo-musulman



De par l’emplacement du projet qui se situe dans une zone charnière entre la ville de style architectural colonial et la nouvelle Tunis, il semble qu’avant sa conception, il a été difficile d’en donner une image architecturale préconçue.

Il ne fallait surtout pas que cette cité ait un style moderne sans racines.

Enfin, il a été décidé de lui créer une identité qui lui permettra de se distinguer dans ce tissu d’immeubles, et de banques qui l’entourent.

Les plans démontrent que les concepteurs ont finalement opté pour une architecture moderne qui puise ses racines dans notre patrimoine arabo-musulman avec ses colonnes hafsides, ses arcs de plein cintre et ses moucharabiehs.

















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Old March 28th, 2008, 11:37 PM   #15
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ENFIDHA INDUSTRIAL AREA : Under Construction

South of Tunis (the capital), between Hammamet and Sousse, the Tunisian Government has granted to the company DIET, ownership of an area measuring two million square metres, where is being developed the new INDUSTRIAL DISTRICT OF ENFIDHA.

Companies are welcome to invest in the area and create production branches, thus making the most of the many advantages Tunisia has to offer. The lots have already been urbanized, ready for sale, and the first buildings have been constructed.

WHERE THE IDEA CAME FROM


Due to the high interest that was shown by many different enterprises that were seeking an Industrial District to establish their premises in (on the basis too of similar experience in the more depressed areas of Italy and East Europe) an ambitious project was thought out to create an Industrial District in Tunisia.
With the aim of promoting the initiative, the Tunisian Government agreed to grant a large area to the project for industrialization in Enfidha, along the Tunis – Sousse motorway and the Tunis – Sfax railways.

The Ministry for International Cooperation and Foreign Investments has agreement an area of two millions square meters for construction new industrial district.
The aim of the project is to create an industrial district where international enterprises can establish their activities, especially those working in the fields of mould productions, plastic processing, electric components, agro-industrial, agro-mechanical and light mechanics.

All the most modern services will be installed to back up the industrial activities (banks, translation services, offices, shipping firms, customs offices, medical surgeries, catering, hotels and leisure facilities) in the conviction that full cooperation strategy will aid further the success of each individual company.


A group of investors is understood to be looking at a 250 hectare site close to the town of Enfidha, where a new airport is currently being built, with a view to building a new F1-spec circuit.

In addition to agriculture, mining, energy, petroleum, and manufacturing, Tunisia, which is on the Mediterranean coast of North Africa, has a thriving tourism industry, though - like so many other nations - it might be thought that this could only benefit from the prestige which F1 would bring.



DIET S.A. company, has the property of the land and has already begun the works for urbanisation of areas the lots, which are now ready for the sale. Besides has begun the construction of the industrial building .


View of the area

This project will include the new harbor , the new Airport of enfidha and the this new offshore industrial area










The basic infrastructure is already built ( roads etc ..)








The offices and commercial area : renders















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Old March 28th, 2008, 11:40 PM   #16
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Qalaat Al Andalous : Under Construction

Project objectives

This initiative targets setting up of a tourist and services area specifically for investors and businessmen who want a base in Tunisia even though they run their business from abroad.

Content of the project
The initiative involves 777 hectares for the following facilities:
Marina and recreational complex.

Administrative offices for foreign companies.
Five-star luxury hotels.

Luxury villas and apartments.
Leisure and recreational areas.
Golf course.

Project costs
Cost is estimated at some USD 250 million.














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Old March 28th, 2008, 11:45 PM   #17
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Marina Al Qusoor : Emmaar 1.88 Billion US $ - App






Emaar Properties PJSC, the world's number one property developer, has announced plans to develop the $1.88 billion Marina Al Qussor project on Tunisia's eastern coastline. The 442 hectare Marina development is located within the county of Sousse towards the southern end of the Golfe de Hammamet and will offer a mix of living options and tourist attractions with a large Marina Village at its centre.

At a special ceremony in the capital Tunis yesterday, Emaar Chairman Mohamed Ali Alabbar presented the high profile project to the Tunisian President Zine El Abidine Ben Ali. Speaking at the event Mr Alabbar said: "We are honoured to showcase Marina Al Qussor to Tunisia's President Zine el Abidine Ben Ali today. Tunisia is a country rich in heritage and we look forward to the opportunity of adding to its world class attractions with the development of Marina Al Qussor. This project is a timely addition to Tunisia's thriving tourism industry which has been attracting the world's attention


Project objectives
This initiative targets creation of an integrated business and tourist/recreational complex.

Content of the project
The Hergla tourist zone will be established on 450 hectares, with the following facilities:
tie ups for recreational boats: between 350 and 600 yachting berths are planned in the proposed layout;
water feature: a small island in the middle of the lake will be home to an integrated tourist facility, possibly a casino and other components;
marina: located at the port over an area of 16 hectares;
golf course: a 27 hole course in the initial phase on 85 hectares, with further extension possible;
hotel complex: delightful, trendy, upmarket hotel units;
residential complex: 31 hectares on the edge of the golf course and the shoreline;
arious complexes: 12 hectares of restaurants, coffee shops, leisure facilities, shopping centers, entertainment, administrative services, collective equipment and miscellaneous services;
green areas: to cover 34 hectares;
parking: estimated parking capacity will be 4160 parking spots over an area of six hectares;
pedestrian area: 9.32 hectares will be reserved for pedestrians only.

In addition to the main planned activities, there is the possibility of financing for construction of a casino, a convention center, halls for various functions, an art museum, folklore of the Sahel, an art museum, a pool for training dolphins, beauty and sea water spa, a business center for top international brand retail shops, a sports complex.

Project costs
The cost of the undertaking is estimated at 1.8 billion US dollars (about 2.3 billion TND).

Progress of the project: Approuved by the Tunisian government and Emaar Properties . Environmental impact research ongoing .
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Old March 29th, 2008, 12:22 AM   #18
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Ble el ward : El Maabar will invest 10 Billion US $ .

Al Maabar International Investments Company announced its plans to build one of its biggest projects in the African Continent. This project is Bled El Ward on the northern rives of the capital Tunis on a total area of 5 Thousands Hectares, with a total costs that reaches $ 10 billions.

Yousef Al Nowis, the Managing Director and member of the Board, declared, in Tunis after having presented the project before President Zine Alabidine Ben Ali on Monday February 04th 2008, and in the presence of Sheikh Abdullah bin Zayed Al-Nahyen, Minister of Foreign Affaires of United Arab Emirates, that Bled El Ward presents a one-of-a-kind achievement in the Mediterranean southern part region.

In fact, it developed a modern city made up with many components such as the International Health city, water channels in addition to tourist resorts, residencies, sport facilities, Golf fields, and areas for shopping, entertainments and open space in a complete synergy between "Live, Work, and Play".

Al Nowis also clarified that the project of Bled El Ward is derived from the old name of the Tunisian city, Ariana, which is known for its beautiful roses and flowers and its soft breeze. Its design gets its name from the old architecture history. It is based on the most modernized architecture styles. Furthermore, it gives priority to the environment and nature as whole, with its sea and forests sides. It also provides 50 Km of beaches through its water channels.

On the other hand Ahmad Al Sayegh, Chairman of the Board, unveiled that a Memorandum of Understanding was signed with the Tunisian Government last December 2007 and that Zine Al Alabidine Ben Ali salutes the high standard of the project's design. This gives way, today, to start the implementation of studies to complete with all the procedures and starting the execution.

Al Sayegh declared that the realisation of Bled El Ward project will be on many phases. The first is Diar El Fel zone that covers 300 hectares, 190 Hectares will be devoted to building. The development period of this project will be 5 years.






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Old March 29th, 2008, 12:43 AM   #19
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The Financial harbour : Under Construction 3 billion US $

Gulf Finance House announces US$ 3 billion Tunis Financial Harbour, North Africa’s first Offshore Financial Centre






This is a render of the Business bay in dubai. According to Dubai real estate this renders is similar to the renders approuved by the Tunisian Government ...




• Mr Esam Janahi formally presents Tunis Financial Harbour to His Excellency Zine El Abidine Ben Ali, President of Tunisia at a special event held in Tunis
• Landmark development marks entry of Gulf Finance House into the Republic of Tunisia
Gulf Finance House (GFH), t announced its plan to set up the Tunis Financial Harbour (TFH) at Tunis Bay. With an estimated development value of approximately US$ 3 billion, Tunis Financial Harbour marks the entry of GFH and its Clients into Tunisia, as it positions itself as one of the largest foreign investors in the country.
To be located in the Raoued North, Tunis and just 25 minutes from the Tunis Carthage airport, the Tunis Financial Harbour was formally unveiled to His Excellency Zine El Abidine Ben Ali, President of Tunisia at a special ceremony held in Presidential Carthage Place Tunisia. A Memorandum of Understanding between Gulf Finance House and the Government of Tunisia was signed earlier this year.
A member country of the World Trade Organization (WTO), Tunisia has been ranked as the most competitive country in North Africa by the World Economic Forum in the 2007 edition of its Global Competitiveness Report. It is also the first country on the southern coast of the Mediterranean to have concluded a partnership and cooperation agreement with the European Union, the main component of which is the establishment of a free-trade zone. Since 1987, it has recorded an average growth rate of 5% per annum.

Mr. Esam Janahi, Chairman, Gulf Finance House, said: “The Tunisian economy has been constantly outperforming the African average, with the country’s per capita GDP being amongst the highest in Africa, driven by foreign direct investment. This growth along with progressive and proactive government has made Tunisia a very attractive investment destination for us. We thank the Tunisian government for its support.”
“The country could benefit from developing its offshore financial services industry and creating a world-class International Financial Centre for North Africa. Tunis Financial Harbour has been created by some of the world’s leading financial services strategists and utilises a business cluster model. We are confident that TFH will make a significant contribution to the Tunisian economy in the long term, and will be seen as a strategic component of Tunisia’s economic infrastructure.”
Elaborating on GFH’s involvement in the project and its planned components, Mr. Peter Panayiotou, Acting Chief Executive Officer, GFH, said: “GFH is focused on expanding its horizons globally with a particular focus on emerging economies with strong growth potential. Simultaneously, the Bank is also focused on consolidating its position in the wider MENA region by tapping into specific opportunities, with the Tunis Financial Harbour project being the latest venture.”

”Having successfully developed and launched a world-class financial district in Bahrain, we were confident of replicating this success in North Africa. Apart from the economic drivers behind this decision, Tunisia’s ability to provide talented human resources, with the country reporting relatively high investments in higher education as a proportion of GDP, was a key factor that prompted us to choose Tunisia as the location for our first financial harbour in North Africa.”

“Tunis Financial Harbour will comprise four key clusters, in addition to hosting a wide array of professional and other support service firms. The clusters at will include, a Corporate Centre, an Investment Banking and Advisory Centre, an Insurance and Takaful Centre and an Exchange.” Mr. Panayiotou added.

To be spread over a total site area of 450 hectares and as per initial development plan, Tunis Financial Harbour will consist of a marina and a commercial cum residential complex of luxurious villas, commercial/ business developments, a golf course and a stadium. The project will also contain a world-class business school. It is estimated that Tunis Financial Harbour will create thousands of jobs, and bring in billions of dollars to the overall Tunisian economy,
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Old March 29th, 2008, 01:09 AM   #20
karim aboussir
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WOW NICE HOW LONG IS IT GOING TO TAKE TO COMPLETE ALL THAT ?? THAT IS SO COOL TUNIS THE NEXT DUBAI OF AFRICA ????
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