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Jan 10 2012

Tunisia seeks tenders for TFH project

By Staff Report DUBAI - Gulf Finance House , or GFH , the Bahrain-based Islamic investment bank, has announced that the Tunis Financial Harbour, or TFH has begun the prequalification process for prospective contractors.

This follows on the heels of an announcement made by the Government of Tunisia in support of the TFH project, allocating Tunisian Dinar 50 million to the completion of major and strategic infrastructure works in relation to access and roads 
to TFH. The project's masterplan has already been approved by the government, and is set to be built in the Rawad area.

To complement the commercial aspects of the initiative, a variety of residential and leisure facilities including a marina, a residential complex with luxurious villas and an 18-hole championship golf course are included in the master plan.

TFH is going to be North Africa's very first offshore financial centre contributing to transforming the region's economy. Hisham Alrayes, chief investment officer of GFH said, "Though this project has been somewhat delayed from the original project schedule, the wheels are once again moving on TFH and we are fully geared up to commence tendering for the project's infrastructure work as soon as the Tunisian government gives us the go-ahead."

© Khaleej Times 2012

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