Gulf investments flow into Tunisia

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TUNIS, Jan 2 (Xinhua): Gulf investments in Tunisia jumped in 2007, something which promoted the Tunisian government to plan to carry out new projects during the coming five years at costs ranging from 50 billion to 60 billion US dollars.
Tecom company, an affiliate to Dubai Holding Company of the United Arab Emirates (UAE), won a deal to purchase 35 per cent of capital of Tunisie Telecoms at a value of 2.82 billion dollars.
Meanwhile, UAE's Abu-Khatir Group also announced that it would carry out a project to set up a housing, entertainment and sports city in northern Tunisia at investment costs of around 5 billion dollars.
Al-Dar and Sorouh companies planned to invest around 5.5 billion dollars to develop a district in the capital Tunis as part of a housing and tourism project.
The UAE giant Sama Dubai will also carry out a project in Tunisia at investment costs of 14 billion dollars, which is described as the project of century in Tunisia.
The Bahraini Gulf Finance House announced it allocated some 3 billion dollars to build Tunisia's international financial harbour which will comprise a circulation centre, insurance companies and branches of foreign banks in addition to a centre for financial consultation companies.