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- Dubai 04:41 05:57 12:23 15:50 18:43 19:59
Developer Sama Dubai has begun work on Tunisia's biggest investment project, a $25 billion (Dh91.82bn) real estate development expected to create 350,000 jobs, a senior executive said.
Companies from the Gulf have unveiled a series of ambitious real estate and tourism developments in North Africa, but many have been slow to get off the ground.
"Today we announce the start of work on the first stage of the "Mediterranean Gate" project which includes 16 buildings worth $1bn," Executive Chairman Farhan Faraidooni said late on Thursday.
Sama Dubai's development north of Tunis will include apartments, theatres, cinemas, offices and exclusive hotels covering 837 hectares. Last year, company officials estimated the project's value at $14bn.
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