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FINANCIAL NEWS
Diar to start USD80m luxury resort project in Tunisia
16 Jul 2012
(MENAFN) Diar Real Estate Investment Company, the developer arm of Qatar Investment Authority (QIA), is set to launch construction works on its first luxury resort project in Tunisia, Arabian Business reported.
Tozeur, one of Tunisia’s 24 governorates once known as the City of Dreams by the Romans, is a destination for artists, film directors, politicians and journalists.
The USD80 million resort, located in Tozeur in southwestern Tunisia, will consist of 60 luxury hotel suites, high-end health and spa components, retail outlets and restaurants, conference and business facilities, an amphitheatre and an “Arabian Night” tent, as well as desert sports and tennis courts. Scheduled to open in 2015.
Diar said that it seeks, through Tozeur Desert Resort, to promote Tozeur’s reputation as a local and international tourist destination, which will contribute to the Tunisian tourism sector.
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