Tunis Financial Port to be Kicked-off, November 27

(TAP) – The megaproject “Tunis Financial port” will be kicked off on Sunday, November 27 in Tunis, by Prime Minister Youssef Chahed, with attendance of concerned ministers, deputies and diplomatic delagations, according to the “Tunis Bay Project Company” which is leading the project.
This mega-project will cover an area of 523 hectares in El Hsayene, near the beach of Raoued, in the governorate of Ariana. The cost is estimated at US $ 3 billion (around 6.5 billion Tunisian dinars) financed by Gulf Financial House, an investment bank in the Kingdom of Bahrain.

The project will be carried out in four stages:
– Development and subdivision of an area of 220 hectares including 1.462 million m2 covered dedicated to the financial, commercial, residential, medical and leisure areas.
– Development and subdivision of an area of 122 hectares including 1.750 million m2 covered for residential, hospital, marina and other services.
– Development and subdivision of an area of 121 hectares including 1.550 million m2 covered for commercial spaces, housing and services.
– Development and subdivision of an area of 60 hectares including 693,000 m2 covered dedicated to high-standard houses, shops and services.

The Port will house a large number of leading brands in the finance, investment and services sectors, divided into four groups:
– Grouping of banking, investment and advisory services.
– Centre of trade companies.
– Islamic Insurance, Reinsurance and Insurance Centre (Takaful).
– International exchange centre.
Besides, the Tunis Financial Port will be an integrated city housing a finance university, a mega-commercial complex, five-star hotels, a 30-hectare marina with a capacity of more than 850 yachts, a golf course of 82 Hectares (of 18 holes), allowing international competitions
In addition to finance and commerce, the Financial Port of Tunis will include a private university, a private clinic, various spaces, individual and group housing and a 35-storey multi-purpose tower.
The port will be the first offshore financial and banking centre integrated not only in Tunisia but also in North Africa. It will be a support for the development of the Tunisian economy and a centre of influence in the region in addition to the jobs it will create and the opportunities it will offer for the promotion of financial markets and capital to make of Tunisia a financial and investment pole as well as a tourism pole.


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