Qa'da 04, 1431, Oct 12, SPA -- The Bahrain-based Islamic investment banking major, Gulf Finance House (GFH), and the Tunisian government have announced the launch of a $3 billion North Africa's first offshore financial center as part of Tunis Financial Harbour. The mixed use waterfront development will provide the physical infrastructure for the planned offshore financial center, according to a report published today by the Jeddah-based Arab News. It quoted a GFH statement as saying that the landmark project Tunis Financial Harbour would offer a bridge between the $15 billion EU trade bloc, Tunisia's own dynamic economy and rapidly developing North African and sub-Saharan economies. The formal announcement was made by the GFH senior management and the governor of the Tunisian Central Bank on the sidelines of a reception for financial services institutions and policy specialists held in Washington, DC during the International Monetary Fund's (IMF) annual meeting.
