The time is now

The time to invest in Tunisia could not be better. Considered to be the one of the most stable countries in the Arab speaking world, and certainly the most politically and economically stable country in all of Africa, Tunisia is a founding member of the World Trade Organisation and has a trade association agreement with the EU. The Tunisian people have strong links to Europe and consider themselves to be more European in nature than African or Middle Eastern. Within two hours flight of the capital, Tunis you are able to reach most established European capitals whilst flight times to the UK are just under 3 hours. A stable currency and consistently low inflation levels below 3% have helped to place Tunisia in a great position to benefit from direct foreign investment which is currently pouring into the country.

Dubai Investment

The largest developers from Dubai have recently started to invest very heavily into Tunisia, realising the stability of the region and the proximity to Europe making Tunisia an ideal link between Africa, Middle East and Europe. In the capital Tunis, they are currently investing over $10bn in projects such as Tunis Financial centre and Tunis Sports City based on the popular concepts from Dubai itself. Further south, they are investing $2bn in a picturesque coastal region creating an artificial marina, a world class golf course, exclusive residential properties and a number of luxury 5-star hotels. It isn’t only the Dubai groups who have stood up and taken notice of what is happening in the country. Many large European organisations and banks have set up bases in Tunisia benefiting from a highly educated work force and a very stable economy whilst the government welcomes them with open arms providing excellent incentives encouraging them to move to the country.

Excellent Infrastructure

Infrastructure and transportation to and within and the country is excellent as Tunisia offers 7 international airports ensuring that no matter where you are in the country you are never further away than 2 hours from an airport. The largest airport in Northern Africa is currently under construction in Tunisia scheduled for completion in late 2009 which will offer cheap and inexpensive flights with carriers such as Ryanair and Easyjet. Within 10 minutes drive of this airport, the largest deep water port in the southern Mediterranean is also being built enabling the globe’s biggest trade ships and cruise liners to dock in Tunisia.

Property market

So why hasn’t the property market yet taken off in Tunisia? Well, until very recently, foreigners were not allowed to buy property in Tunisia as the government wanted to ensure that home ownership for the local market was made affordable. With local home ownership currently in over 80%, higher than in the UK and most other EU countries, they have certainly achieved that target and now believe that Tunisia is ready to benefit from the explosive foreign-property ownership boom that many of its northern European neighbours have done extremely well from in recent years. For the foreign investor this is great news as it means that there is a strong local market in place when they need to realise their investments and sell their properties. At the moment, foreigners still require authorisation from the Governor of the region in which they are buying the property, however for most this is simply a formality which takes approximately 3 months to complete. With so many excellent reasons to buy in Tunisia, the timing could not be any better to benefit from this new and exciting market on the door step of Europe!

For more information on Tunisia's tremendous growth click below for an article from Africa Business Guide titled:

TUNISIA – LEADING THE WAY - "By following a progressive socio economic agenda, Tunisia has been able to emerge as one of the fastest growing economies in Africa"

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