Tunisia: Russian investors eye funding aviation, oil and infrastructure projects

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    Swiss-based Investment Holding Group GK is committed to greater cooperation with Russian investors in the field of liquefied gas and in industrial and infrastructure projects in Tunisia, said its president, businessman Tunisian Kamel Ghribi.

    He was accompanying Tunisian Minister of Foreign Affairs Khemaies Jhinaoui in his visit that began Monday in Russia in preparation for the meeting of the joint intergovernmental commission on trade, economic cooperation, science and technology.

    “We have come to Moscow to strengthen industrial cooperation, joint ventures, investments, especially investments in Russian gas refineries, infrastructure and industry in Tunisia,” he told Russian website Sputnik.

    The Tunisian businessman added that GK is in close discussions with Russia’s state technologies corporation Rosteс on the prospects of establishing assembly lines for Sukhoi aircraft, Russian KAMAZ trucks and several automotive components in Tunisia.

    The holding is involved in projects in many countries but is mostly active in the African continent and in the Middle East. Its interests include food and agriculture, social and economic infrastructure and associated services for the oil and gas industry, commodity trading, retail, shopping malls, and real estate.

    In Moscow, Ghribi is due to meet with representatives from Russia’s gas liquefaction company GTL with the aim of striking a deal on building a gas refinery in Tunisia.

    According to Ghribi, the GK is also looking for Russian partners to invest in infrastructure projects in the Tunisian city of Bizerte.

    “We are offering Russians multiple opportunities in the city of Bizerte to invest into the industrial revamping of a refinery, increasing the size and capacity of a commercial port and also developing a luxury marina for superyachts,” businessman said.

    Expressing intent to facilitate Russian-Tunisian ties, the businessman said that “the volume of trade between the countries does not reflect the true potential of bilateral cooperation, aiming at making Tunisia a hub for Russian industries covering the African continent and the Middle East.”

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