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FINANCIAL NEWS
Qatari Diar plans $80m project in Tunisia
14 Oct 2010
(MENAFN) The Managing Director of Qatari Diar, a property arm of Qatar’s sovereign wealth fund, said that the company will build a tourism complex in southern Tunisia at the cost of $80 million, Reuters reported.
The planned complex, which will include a hotel, shopping centre and other leisure facilities, will be completed within two years over 40 hectares in the city of Tozeur, Tunisia’s main tourism destination at the gate of its desert Sahara south, he added.
Tourism is Tunisia’s top foreign currency earner and its biggest employer after farming.
The government in the North African country is striving to diversify tourism away from its Mediterranean coast into southern areas in the hope of luring more high spending holidaymakers from Arab Gulf countries.
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