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Bahrain’s Gulf Finance House (GFH) has signed an agreement with Tunisia to build a US$3bn financial and real estate development park in the North African country
Tunis Financial Harbour is reportedly the first financial park in North Africa and would cover 4,500,000 square metres in the Raoued suburb of Tunis.
According to GFH, the park will include a corporate centre, an investment banking and advisory centre, insurance area, residential spaces, offices, a golf course, a business school and trade centres.
Lotfi Zar, executive director of the project, said, “The US$3bn project will start on 15 March 2014. We have signed an agreement with Tunisian contracting companies to start practical implementation of the project in a few days.”
Bahraini officials have claimed that the park is expected to create 17,000 jobs.