The development’s master plan has already been approved by the Tunisian government, and final go ahead on the infrastructure design, which were submitted at an earlier stage, is now pending.

Recently, the government of Tunisia, in support of TFH and as part of the investment agreement it signed with the company, allocated the budget necessary to complete major and strategic infrastructure work in relation to access and roads to TFH.

This support reinforces the government’s dedication and commitment to its deliverables as part of the agreement signed with TFH.

Esam Janahi, executive chairman of GFH and president of TFH, said: “The Tunis Financial Harbor is recognized as a landmark development for Tunisia, with the potential to attract significant investment, both from within the country and from outside the country, as well as for the large number of Tunisian jobs it will create. The ongoing support extended by the new Tunisian Government has helped the development move from milestone to milestone, and with the appointment of DEMTAS Group as the strategic partners we are now set for the next phase as soon as infrastructure designs are approved.”

Dincel Tekin, board member of DEMTAS Group, said: “TFH will act as a catalyst for the further development of Tunisia’s burgeoning economy, offering world-class commercial infrastructure, an array of modern waterfront living and state-of-the-art office space for financial services institutions seeking access to the opportunities Tunisia offers as a strategic gateway between Europe and Africa.”