Tunisia: UAE’s Al Maabar announces $10 billion real estate development
2008-02-06
The CEO of the UAE’s Al Maabar International Investments Company announced on Tuesday (February 5th) that the company plans to set up a $10 billion real estate development, Bled El Ward, in Tunisia. He said the development will comprise a modern city that includes an International Health City, water channels, tourist resorts, residences, sports facilities, golf courses, open spaces and shopping and entertainment areas. Tunisia's real estate sector has seen a major boost in recent years, due in large part to oil windfalls in the Gulf region.
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