Qatari Diar to build a tourism complex in Tunisia

Planned 40 hectares complex will include a hotel, shopping centre and other leisure facilities
Qatari Diar to build a tourism complex in Tunisia
TOURISM COMPLEX: Qatari Diar will build an $80m tourism complex in southern Tunisia.
By Reuters
Thu 14 Oct 2010 03:06 AM

Qatari Diar, a property arm of Qatar's sovereign wealth fund, will build a tourism complex in southern Tunisia at the cost of $80 million, its managing director Mohamed al Hadfa said on Wednesday.

The planned complex, which will include 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 the 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 percent stake in Qatar's Barwa Real Estate company.

It has more than 80 projects worldwide worth about $60 billion.

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