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UAE private sector is major Arab investor in Tunisia

posted on 05/02/2008: 592 views

The UAE has become the major Arab investor in Tunisia pumping private investment in the tune of over US$ 20 billion in 2006 and 2007, Tunisian foreign minister has said. Abdul Wahab Abdullah described the UAE private sector investment in Tunisia as a model for investment cooperation in the Arab World.

'The Southern Lake project of Sama Dubai, Tunis Sports City of Bukahter Group and stake of Tecom Dig in Tunis Telecom's capital stand today as a living testimony of the qualitative breakthrough the UAE investment have made in Tunisia,' the Tunisian minister told the Emirates News Agency (WAM). 'More UAE investors and businessmen have shown interest to invest in various fields including oil, tourism, transport and agriculture,' he added. "The outlook of bilateral ties is promising in all domains under the strong political determination of leaders in the UAE and Tunisia,' he said.

According to him, economic gains made by the two countries will provide a solid foundation for a constructive economic partnership. Trade exchange, he noted, posted a marked growth as Tunisia's exports to the UAE rose to 45 million Dinar in 2007 from 22 million Dinar in 2006 while imports dropped from 54 million in 2006 to 46.6 million in 2007. - Emirates News Agency, WAM


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