Second phases of Tunis Financial Harbour mega-project kicked off

The first and second phases of the Tunis Financial Harbour mega-project in the delegation of Kalaat El-Andalous, Governorate of Ariana was kicked off by Premer Youssef Chahed..

“The launch of the first two phases of this mega-project two days before the start of the international investment conference ‘Tunisia 2020’ carries a clear message to foreign investors,” said Youssef Chahed in his remarks on the occasion.

“Thanks to this important event, Tunisia wants to reposition itself on the global investment scene,” he said, reaffirming the government’s commitment to supporting Tunisian and foreign investors by easing administrative procedures and removing all obstacles.

According to general manager of the Tunis Financial Harbour project, Hichem Errayes, “this mega-project will be ready in eight years”.

“The launched projects include the completion of the first two stages of the project with an initial amount worth 350 million dinars,” he said.

The mega-project, to be carried out in four stages with a cost of 6.5 billion dinars, will cover an area of 523 hectares in El-Hsayene located halfway between Raoued and Kalaât El-Andalous, explained Errayes.

The stages of this project will be as follows:

– First stage: development and subdivision of an area of 220 hectares of which 1.462 million m2 covered dedicated to the financial, commercial, residential, medical and distractive areas.

– Second stage: development and subdivision of an area of 122 hectares of which 1.750 million m2 covered for residential, hospital, marina and other services.

– Third stage: development and subdivision of an area of 121 hectares of which 1.550 million m2 covered for commercial spaces, housing and services.

The Port will house a number of leading brands in the finance, investment and services sectors, split into four groups:

– Grouping of banking, investment and advisory services.

– Centre of commercial companies.

– Insurance, re-insurance and Islamic insurance centre.

– International exchange centre.

The Tunis Financial Harbour will be an integrated city housing a financial university, a mega-commercial complex, five-star hotels, a 30-hectare marina with more than 850 yachts and a 82-hectare golf course allowing international competitions.

In addition to finance and commerce, the Tunis Financial Harbour will include a private university, a private clinic and various spaces, individual dwellings and others grouped and a multi-functional tower of 35 floors.

The port, which is financed by the Gulf Finance House (GFH) Group, a Bahraini investment bank and managed by the Tunis Bay Project Company, will be the first integrated offshore banking and financial centre not only in Tunisia but also in North Africa, according to a press release distributed to this occasion.



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