Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Tunisian Group Loukil and Chinese bank ICBC to build Africa’s biggest mall for $120M

Friday, 14 July 2017 11:56

(Ecofin Agency) - Tunisian Group Loukil and Industrial and Commercial Bank of China (ICBC) will build in Raoued, Tunis suburb, Africa’s biggest mall, the Tunisia Africa Mall.

Partnership agreement for the project was signed last Friday, July 7th, on the sidelines of the recent Tunisia-China forum held in Tunis.

The project whose cost has been estimated at $120 million will be fully funded by ICBC. It will include a shopping centre valued at $65 million, a business centre and a hotel, both expected to cost $55 million.

According to the Loukil Group’s CEO, Bassem Loukil, “Tunisia Africa Mall will be built over 200,000 m2 (100,000 m2 for shopping, leisure areas and restaurants, and 95,000 m2 for undergroung car park). There is also a business centre and the five-star hotel. The latter will be integrated to the Tunisia Financial Harbour, which will be established in a State-declared offshore area located in the Raoued region”.

Construction works for the Tunisia Africa Mall are expected to begin in the fourth quarter of this year and should create at least 600 direct jobs.

B.K





 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.