ECONOMY

Qatar’s emir pledges $1.25 bn to support Tunisia economy

Qatar’s Emir, Sheikh Tamim bin Hamad Al-Thani arrives for a luncheon during the United Nations General Assembly at United Nations headquarters in New York City, US September 20, 2016. (Reuters)

Qatar’s emir on Tuesday pledged $1.25 billion (1.18 billion euros) in financial support for Tunisia’s struggling economy.

Speaking at an investment conference in Tunis, Sheikh Tamim bin Hamad Al-Thani said Qatar would provide the assistance “to support the Tunisian economy and strengthen its process of development.”

He did not give further details on the package.

“In Tunisia we face a people who decided to build their country based on plurality, dignity and human freedom,” he said.

“Will we help them so that the experience succeeds, or will we watch them face the difficulties alone?”

He was speaking at an international meeting for business and political leaders that the Tunisian government hopes will attract billions of dollars of much-needed investment.

More than 2,000 leaders from the worlds of business, finance and politics -- including French Prime Minister Manuel Valls -- are attending the “Tunisia 2020” conference.

Tunisian officials hope it will put the country “back on the investment map of the Mediterranean.”

They are hoping to find bidders on some 140 projects -- from infrastructure to hi-tech ventures -- worth around $32 billion (30 billion euros).

Nearly six years since a revolution that toppled dictator Zine El Abidine Ben Ali, Tunisia faces high unemployment, low growth and a tourism sector hammered by jihadist attacks.

SHOW MORE
Last Update: Tuesday, 29 November 2016 KSA 14:14 - GMT 11:14
Top
BREAKING NEWS

Send to a friend

Close
Qatar’s emir pledges $1.25 bn to support Tunisia economy
Speaking at an investment conference in Tunis, the emir did not give further details on the package
Friend's name:
Friend's Email:
Sender's name:
Sender's Email:
Captcha Code
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed