Gulf Finance House (GFH), the Bahrain based Islamic investment bank, and the Tunisian government have launched North Africa’s first offshore financial centre as part of Tunis Financial Harbour, a $3 billion mixed use waterfront development which will provide the physical infrastructure for the planned offshore financial centre, a statement said.
Tunis Financial Harbour will further develop Tunisia’s vibrant economy, by offering world class commercial infrastructure and an array of modern waterfront living for financial services institutions seeking access to the opportunities Tunisia offers as a strategic gateway between Europe and Africa.
The development is projected to have a permanent population of 110,000 residents across its 500 hectares and will create 16,000 jobs for the Tunisian economy, the statement said.
Esam Janahi, Executive Chairman, Gulf Finance House, said: “Tunis Financial Harbour will be North Africa’s first off shore financial services centre. Tunisia’s strategic location means that it is the natural base for a financial services hub to cater for the growing demand for financial products and services created by the growth of not only the Tunisian economy but also African economies and international investment flows into the country.”