"Tunisia parliament has approved a draft law paving the way for a $5 billion real estate project in the capital, Tunis, the official news agency Tap said on Tuesday. UAE group Bukhatir will build nine sports academies, a golf course, hotels and apartments covering 275 hectares in the north of Tunis.
The project will take 15 years and is expected to create 10,000 jobs, Tap added.
Tunisia wants to attract more inward investment to generate economic growth which can absorb the 88,000 job seekers entering the market every year.
Tunisia attracted a record 2 billion Tunisian dinars ($1.69 billion) of direct investment in 2007, up from 1.2 billion dinars a year earlier.-Reuters"
Tuesday, May 6, 2008
Tunisia okays $5bn Bukhatir real estate project
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