Saudi Arabia Largest GCC Investor in Tunisia
Saudi Arabia holds the lion's share of Gulf Cooperation Council (GCC) investments in Tunisia, with about TD809.8 million ($558.5 million) poured into the North African country, according to Abdul Salam Mansour, the director general of Tunisian Foreign Investments (TFI).
Mansour was quoted by the Gulf News as saying that the Saudi investments in Tunis topped the total GCC figure at TD524 million, putting Kuwait in the second place at TD227 million, and leaving the third slot for the UAE at TD58.8 million.
The Dubai-based paper said that Tunisia plans to attract more foreign investments through its future projects, for which tenders will be issued between 2002 and 2006.
The projects will include tenders for a second GSM network, a new airport which can handle five million people at Belnafeethah, an oil refinery in Sokhaira, a water desalination plant in Tunis, a new port at Sousa and five dams – Albawaba.com
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