GCC, Tunisia urge private sector to establish joint ventures

Participants in the GCC-Tunisia Investment Forum called on private sector and financial institutions in the two sides Tuesday to establish joint projects and double the Gulf investment in Tunisia, estimated at USD 4.2 billion. The participants, in a statement at the end of the forum, called for activation of the trade and economic agreements between the Gulf Cooperation Council (GCC) and Tunisia, as well as urging private sector to benefit from strategic locations of the Arabian Gulf countries and the North African nation. They called on the Tunisian government to provide legislations and laws that would encourage Gulf investors to do more business in Tunisia. Abdulraheem Hassan Naqi, Secretary General of the Union of Chambers of Commerce and Industry of the GCC, called for the development of investment law, the scientific research centers and activation of bilateral agreements. Tunisian officials illustrated during the final session of the forum a number of investment projects to be implemented in the sectors of agriculture, transport and infrastructure. During the two-day forum, the Tunisian side proposed a number of investment projects with a value exceeding five billion Tunisian dinars (USD 3.1 billion).