GFH to develop Financial Centre, Shopping Mall in Tunis

Hisham Alrayes, Acting Chief Executive Officer of GFH, left, with Riadh Bettaieb, the Tunisian Minister of Investment and International Co-operation, during the meeting
A high level delegation from Bahrain-based Islamic Investment Banking major, Gulf Finance House (GFH), led by Hisham Alrayes, Acting Chief Executive Officer (CEO) and Lutfi Alzaar, Chief Executive Officer of Tunis Financial Harbour (TFH), met with Riadh Bettaieb, the Tunisian Minister of Investment and International Co-operation to review progress and discuss plans forward for Tunis Financial Harbour (TFH).

Bettaieb reiterated his support for TFH, and expressed the government of Tunisia’s commitment to ensuring development of the project according to the plan, side by side with GFH.

The TFH project, GFH said, will be North Africa’s first offshore financial centre. “The project will focus on attracting local, regional and international banks and financial institutions, as well as leading regional Islamic banks and Islamic Investment Funds to the region. The project will offer world class commercial infrastructure, an array of modern waterfront living and state-of-the-art office space for financial institutions seeking access to the opportunities Tunisia offers, as a strategic gateway between Europe and Africa,” the GFH spokesman in a statement said.

“The expected benefits of TFH are extraordinary for Tunisia, GFH and our investors. We are very much committed to seeing the project through and thereby realize the returns for the Country and our investors TFH, with its unique location overlooking the Mediterranean, will become an unparalleled destination for both business and leisure travellers,” Hisham Alrayes, acting CEO GFH, said.

“Tunisia offers investors high potential for growth, government support, attractive investment terms, security, proximity to Europe, an educated population, a beautiful climate and well maintained public infrastructure. I see Tunisia becoming the leading Financial and Business Centre in North Africa once development of TFH has been completed,” Alrayes, added.

The delegation also met a number of contractors and developers and discussed plans for progressing the development and construction of the key buildings. The team specifically discussed the development strategy for TFH, and the plan to focus initially on completing work on the retail district, golf course, show villas and residential units, following with a marketing campaign to attract interest from both outside and within Tunisia.

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