Global Arab Network | Qatar-based Diar Builds Five-Star Tourism Complex in Tunisia

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Qatar-based Diar Builds Five-Star Tourism Complex in Tunisia

Global Arab Network - - Hannan Taha

Friday, 15 October 2010 16:36

Qatar_Tunisia_President_Zine_El_Abidine_Ben_Ali

Tunisia (Tunis) The Qatar-based Diar, a property arm of Qatar's sovereign wealth fund, will build a five-star tourism complex in southern Tunisia at the cost of $80 million, its managing director Mohamed al Hadfa said, reports Global Arab Network according to Qatari and Tunisian sources

The implementation of the project will begin once the detailed studies are done and it is expected to be completed after about 30 months, Mohammed Al Hedfa, added.

President of Tunisia Zine El Abidine Ben Ali has met with Mr. Al-Hadfa in Tunis, President Ben Ali was briefed through a scale model and explanatory tables, of the Tozeur Saharan resort project.

Tunisian President showed interest in this project which in terms of aesthetics and style draws inspiration from the Jerid region’s architectural and agrarian peculiarities.

He lavished encouragements to the “Qatari Diar” Group to achieve this project under the best conditions and the shortest terms.

According to the company, the planned complex is the first ever in that African country, and which will include among other things, 60 suites, restaurants, a spa and other health facilities, a tennis court, shops, a Roman amphitheatre, and conference facilities, a hotel, shopping centre and other leisure facilities, will be completed within two years over 40 hectares in the city of Tozeur -- Tunisia's main tourism destination at the gate of its desert Sahara south, he added.

Tourism is Tunisia's top foreign currency earner and its biggest employer after farming.

The government in that North African country is striving to diversify tourism away from its Mediterranean coast into southern areas in the hope of luring more high spending holidaymakers from Arab Gulf countries.

Qatari Diar, which counts London's Chelsea Barracks among its most high-profile overseas assets, holds a 45 % stake in Qatar's Barwa Real Estate company (BRES.QA). It has more than 80 projects worldwide worth about $60 billion. Qatari Diar Real Estate Investment Company /QDREIC/ which is owned by Qatar Investment Authority, said it has signed an agreement in this regard with the Tunisian government.

Global Arab Network

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