Tunisia: Qatar’s investment reaches $1 billion in three years

Qatar is emerging as a key investor in Tunisia with a total investment worth $1 billion injected over the past three years.

The $1 billion amount according the Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa Bin Jassim Al-Thani, is mostly directed towards tourism, telecommunications and financial sectors.

Sheikh Khalifa announced the figures at the Tunisian-Qatari investment Forum which opened on Tuesday with over 130 Tunisian business people in the attendance.

Qatar stood out as a leading country with the biggest pledge at Tunisia 2020 conference held last year to boost Tunisia’s economy.

Other Gulf countries pledged a $200-million investment in a tourism project in the north of Tunisia.

Qatar and Tunisia have also witnessed a 3.4 per cent increase in their trade exchange during the first nine months of this year. The trade figure rose to $26.8 million over the nine-month period against $17.74 during same period last year.

Doha last month announced plans to increase trade with North African and other Arab countries. To reach its target Qatar is contemplating the establishment of sea links with North Africa, an important junction that will help set up routes to European market.