Tunisia offers $1.26bn investment plans

April 09, 2014 - 1:34:34 am
The Minister of Finance, H E Ali Sherif Al Emadi and Qatar Central Bank Governor Sheikh Abdullah bin Saud Al Thani at the opening ceremony of a forum for Arab financial institutions in Tunis yesterday.

TUNIS: Tunisia is offering infrastructure and development projects worth 1.99bn dinars ($1.26bn) to various Arab funds during an Arab ministers’ summit in Tunis yesterday, a government official said.

“It is a projects package in many sectors which we will propose to different Arab funds for financing to stimulate our economy,” said Noureddine Zekri, secretary for international cooperation.

The package includes an investment of 660m dinars to build a 600-megawatt gas-fired power plant in Mornaguia, near the capital Tunis. The government is also planning to invest 758m dinars in infrastructure and roads across the country. Three years after an uprising that inspired the “Arab Spring” revolutions, Tunisia is on its way to political stability with a new constitution and the promise of elections later this year.

The caretaker government, led by Prime Minister Mehdi Jomaa, hopes to boost economic growth to stave off any social pressures and protests for more opportunities and over high prices. Reuters

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