FINANCIAL NEWS

GFH launches Tunis Financial Harbour project

12 Oct 2010

(MENAFN) A statement issued by the Bahrain-based Islamic investment banking major, Gulf Finance House (GFH) said that the bank has started work on North Africa’s first offshore financial center with the Tunisian government at a total cost of $3 billion, Arab News reported.

The landmark project, Tunis Financial Harbour will further develop Tunisia?s vibrant economy, by offering world class commercial infrastructure and an range of modern waterfront living for financial services institutions seeking access to the opportunities Tunisia offers as a strategic gateway between Europe and Africa.

The development is projected to have an enduring population of 110,000 residents across its 500 hectares and will create 16,000 jobs for the Tunisian economy.

Thanks to Tunisia’s location, it is believed to be the natural stand for a financial services center to provide for the growing demand for financial products and services.

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