As reported here last October, Manama-based Gulf Finance House (GFH), one of Bahrain’s largest financial services companies, and the government of Tunisia were planning a mixed use waterfront development that they said would serve as “a bridge between the $15bn EU trade bloc, Tunisia’s own dynamic economy and rapidly-developing North African and sub-Saharan economies”.
GFH officials did not immediately respond to phone calls and emails seeking information on the status of the project.
According to an announcement on GFH’s website, the project was to be called Tunis Financial Harbour, and was to have created 16,000 jobs for the Tunisian economy.
Tunisia has been in a state of emergency since its president, Zine al-Abidine Ben Ali, fled the country on Friday. Unemployment, corruption and rising prices have been cited for the protests.
