Wednesday, November 12, 2014

"Tunisia Economic City", would it be the draft too?


Over 50 international companies from 30 countries came last week to announce their willingness to invest in a new megaproject called "Tunisia Economic City." Saudi Crown Prince Deputy Fahd bin Khalifa Toukabri Riadh Mogren, a Tunisian expatriate in the Gulf countries, are the main initiators of this megaproject. The idea is not unique, unlike the project as an air of déjà vu.

Let us recall initiated by the Sama Dubai, "the gateway to the Mediterranean," launched in 2008. Riadh Toukabri Khalifa, CEO of "Tunisia Economic City" project tell us that this is the same project, but revised, more in line with the Tunisia today. The name "door of the Mediterranean" was chosen for this project also. "Tunisia Economic City" consists of the development, in the town of Enfidha (Governorate of Sousse) a major international economic city, tourist, social and cultural. According to the developers, it is ultimately a "smart city" will be the economic and tourism portal of the Mediterranean and will serve as the connection point between east and west and between north and south. Better yet, Riadh Khalifa Toukabri hopes that "this project will provide Tunisia in particular and the entire Mediterranean region, a new modern economic identity and universal dimension." "We worked in coordination with our partners, to drain renowned in the fields of hotel groups, leisure, medicine, media and other activities that will make this project a unique international center" has he added. The project, whose cost is estimated at $ 50 billion, will create, if materialized, 250,000 jobs.

Tunisia today she needs this kind of projects?

According to the Tunisian experience, Gulf investors invest only in safe areas. That's why they come to Tunisia for investing in real estate, the area that knows no crisis, but also an area that does not provide added value to the Tunisian economy. And in its transitional phase, Tunisia does need this kind of project? According to experts, the answer is no. Although the announcement of this project is a message of hope and confidence for foreign investors, the impact on the national economy is not as obvious. Even in the fight against unemployment, 250,000 jobs this project promises to create, still very utopian. While we are suffering from unemployment, but for some profiles. For the realization of the project, investors will probably seek foreign labor markets. Tunisia today will need industrial projects added value and ensuring technology transfer, we do not see in this project.

Why today?

The promoters of the megaproject would they have chosen the wrong time to announce? Indeed, Tunisia is in a transitional period and is preparing two key events for the country. Parliamentary elections and the presidential election will shape tomorrow's Tunisia doubt. How can he be sure that the next elected government will ensure the continuity of government in case Jomaa the government would approve the project. Knowing that Hamadi Jebali, Prime Minister of the Government of the Troika "1" had already given its approval for the project, but nothing has been done so far. Some experts say that went behind the announcement of the project in an economically inopportune time policy is to support the campaign of a certain party. For example, to show that this megaproject is more virtual than real, it was announced in its presentation of projects that will be realized at the Enfidha Airport, currently under the management of a Turkish investor (TAV) within the framework a thirty year concession. How developers can they decide on a project that is not even under the supervision of the State, alleged partner?. Riadh Khalifa Toukabri tell us that this is not for them to approach the TAV, but to the state to do so, but if the TAV refused? "We will have to change a part of the project" we meet Mr. Toukabri. Anyway, sponsors should at least wait for the approval of the National Constituent Assembly the draft law on public-private partnership still pending.




Source : www.tunisiaec.com/

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