Qatar’s Mejda Group set to back $220m Tunisia tourism project

November 30, 2016 4:57 pm

The Sousse port is seen from the lookout tower of the Ribat fortress in the old city of Sousse, Tunisia. (Image: Reuters)

Tunisia tourism complex will be located just north of the capital at Raoued

* Expected to create 1,500 jobs, with work to start in December

 

Qatar’s Mejda Group is to sign a deal to develop a $220 million tourism complex near Tunis, a Tunisian official and a representative of the Qatari group said on Wednesday.

The tourism complex will be located just north of the Tunisian capital at Raoued, and will include a luxury hotel, 90 rental villas and a shopping centre, a senior Tunisian official told Reuters.

 

(Regional partners pledge billions in help for Tunisia economy)

 

Job creations

The project is expected to create 1,500 jobs, with work to start in December, the official said.

Mejda Group has already built a luxury hotel in Tabarka, close to the Algerian border in northwest Tunisia.

 

(Tunisia hosts investors to revive post-revolution economy)

 

The deal for the new development, announced at a two-day international investment conference in Tunis, is due to be signed later on Wednesday by Mejda Group and Tunisia’s tourism minister.

After the conference opened on Tuesday Western and regional partners, including Qatar, pledged billions of dollars in financial assistance for Tunisia.

The North African country is seeking fresh funds to shore up its struggling economy and trying to reverse a decline in foreign investment since its 2011 uprising.

 

(New Tunisian premier tries to break economic reform curse)

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Reuters
By Reuters
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