About

quick facts

Project components :

  • A Golf course over a land area of 80 hectares
  • Shopping mall with BUA of 100,000 sqm
  • A Golf Residence with 509 villas
  • A world class marina over an area of 36 hectares
  • A private hospital
  • A technology hub
  • A university
  • A financial district
  • A souk district

CAPACITY

  • 107 Thousand Residents
  • 67 Thousand daily commuters

Investment

  • More than 1 billion dinars investment in infrastructure
  • 7 billions dinars in Capitalization

PHASE 1 : Progress to date

  • Infrastructure : investment of 500 Millions dinars
    Expected delivery date end of 2019
  • Golf Residence : project that expends over a land area of 127 hectares including an 80 hectares golf course
    Expected delivery date end of 2019
  • Villas GFA : from 280 m² to 400 m² plot areas for the villas ranging from 300 to 600 m²
  • Ongoing completion by the Tunisian government of the split of the local road A533
    linking Kalaat el Andalous to Ariana

INVESTOR INCENTIVES

GVT PARTICPATION

ROAD INFRASTRUCTURE

The State actively participates in extramural infrastructure by carrying out:

  • The outer ring road of greater Tunis and this about 80 km, therefore connecting Tunis Bay at the local road RL 533 and the south highway.
  • The first section of the future expressway connecting the 3 highways of the north, west and south, designated by the X30 and from the north highway to the extension of the X20 by sebkhet Ariana

PUBLIC TRANSPORTATION

  • The transit system will be linked to the regional transit system.
  • An economic bus service will be implemented from the start to serve the interior of the site and will be connected to the public transport service of Tunis.
  • A monorail passenger transport network will be added thereafter respecting the phasing of the project stages.

The long-term plan includes a rail link from the south directly to the site

TELECOMMUNICATION

  • A high availability figure for the network to enable 24/7 usage
  • A redundant SDH ring capable of providing adequate bandwith to end users for tehir demand
  • An optical fibre technology

ELECTRICITY

Power supply for the project will be provided by the Tunisian Company of Electricity and Gas (STEG). STEG will provide 2 powerlines of 200KV until the external periphery of the project zone.

GAS

Gas Service for the project is provided by the Société Tunisienne de l’Electricité et du Gaz (STEG) to the property line of teh site project

POTABLE WATER

The potable water system will be provided by the « Société Nationale d’Exploitation et de Distribution des Eaux »

WASTEWETER COLLECTION, TRANSMISSION AND TREATMENT

Tunis Bay will use an advanced wastewater treatment plant that will be located on a site designed to accommodate utilities. The location is along the southern property line adjacent to El Hmadha canal. The treatment process that will be used will be biological . The type pf plant will be either an extended aeration (EA), oxidation ditch ( OD), or a Sequence Batch Reactor ( SBR). The selection of the type of plant will be based on local preferences (ONAS)

à propos de tunis bay

Tunis Bay est situé sur un site s'étendant sur 523 hectares, capable d'accueillir 107.000 personnes dont 67000 visiteurs journaliers. Le site est parfaitement localisé au point le plus bas d'une plaine relativement plate de la municipalité de kalaat al Andalous localité de El- Hissien. Il est limité à l'est, sur une distance d'environ 2,4 km, par la plage et bordé au nord par la municipalité de Kalaat El Andalous.

De par emplacement stratégique il aspire à rapprocher sa communauté du centre ville de Tunis qui se trouve à 35 minutes du centre ville et 25 minutes seulement de l'aéroport. Gammarth avec toutes ses commodités est également à proximité. Cette nouvelle ville immersée en plein coeur de la Zone côtière de Tunis a été conçue par le fameux cabinet d'architecture HOK, dans une optique visant à mélanger charme méditerranéen et hospitalité tunisienne. Tunis Bay est la concrétisation parfaite d'une vision exceptionnelle de la conception à la construction, cette vision a pris forme en réunissant l'expertise d'acteurs internationaux tout en se basant sur un savoir faire local fourni par AWA Partners, STUDI aa...

Avec son infrastructure des plus novatrices, Tunis Bay constitue un terrain fertile qui permettra à ses habitants hautement qualifiés de partager leur expertise et d'exporter leur entreprises aux marchés régionaux et internationaux. Sur le plan local Tunis Bay est à terme de revigorer l'économie en créant plus de 16.000 milles emploi, ce nouveau Hub dont l'infrastructure coûtera plus d'un milliard de dinars et qui capitalisera 7 milliards de dinars garantira la libre circulation des capitaux en Tunisie et vers les pays du Maghreb et le reste du continent Africain. Peu de temps suffira pour faire de Tunis Bay l'emblème d'une Tunis métamorphosé et annonciateur d'une économie tunisienne revigorée et dynamique

Chaque aspect de son plan a été pensé pour faciliter les échanges en tous genres et pour révéler au grand jour l'énorme potentiel qui y réside. Les lotisseurs ont tenu à harmoniser les sphères professionnelles, publique et personnelle afin de s'assurer que les besoins de tout un chacun soient pris en charge et favoriser l'émergence d'une communauté parfaitement harmonieuse.

Tunis Bay est plus qu'une simple ville ou pôle économique, c'est un projet qui assurera à la Tunisie son entrée dans le futur. Son complexe résidentiel des plus luxueux, sa Marina à couper le souffle couvrant 36 hectares, son Mall immensément étendu sur 100.000 m2 et totalement couvert, ses espaces dédiés aux loisirs et à l'hospitalité ainsi que les 23.000 m2 d'espace à vocation commerciale , son terrain de golfe de 80 hectares aux normes internationales avec sa résidence qui couvrira 127 hectares et sera ornée de 509 Villas, toutes ses merveilles en font un chef oeuvre et un modèle.

OUR LEADERSHIP

OUR LEADERSHIP
HISHAM AL RAYES. EXECUTIVE DIRECTOR - GFH

His ham Al Rayes is the Chief Executive Officer as well as the member of the Board of Directors of GFH Financial Group, one of the regional leading financial groups with USD 6.2 billion assets and fund under management and shares listed in the Kingdom of Bahrain, Dubai and Kuwait.

In 2012, Mr. Al Rayes assumed leadership of the firm with an objective to establish a diverse and well-recognized regional financial group offering a remarkable platform for Wealth Management, Real Estate, Commercial Banking and Asset Management.

Prior to his role as the Group's CEO, Mr. Alrayes was GFH's Chief Investment Officer during which he was responsible for driving the development and execution of its regional and international investment strategy along with management of the bank's liabilities.

Before joining the group in 2007, Mr. Al Rayes was part of the senior management team of the Bank of Bahrain & Kuwait ('BBK'), a leading commercial bank in the Kingdom of Bahrain. During his tenure at BBK, Mr. Al Rayes was responsible for a number of key projects and new venture initiatives. These included establishing one of the bank's key subsidiaries, as well as developing BBK's E-Banking platform.

Al Rayes is the chairman of Balexco, Gulf Holding Company and hold directorship in GFH financial Group, Khaleeji Commercial Bank, Falcon Cement Company, GFH Capital and Shuaa Capital.

Mr. Al Rayes holds a Masters degree with Honors in Business Administration from the University of DePaul, Chicago (USA), and a Bachelor's degree in Engineering with Honors from the University of Bahrain.

Elias Karaan. Head of Infrastructure Development - GFH
ELIAS KARAAN. HEAD OF INFRASTRUCTURE DEVELOPMENT - GFH

Elias Karaan joined GFH in November 2012 as a Senior Executive Director of Infrastructure Development. In his position, Mr. Karaan is responsible for creating a real estate entity to manage and develop GFH's existing real estate portfolio, to create value in the existing infrastructure projects, and to pursue other new real estate opportunities.

Mr. Karaan has more than 37 years of accumulated experience in construction, project management, and development of small to large real estate projects in the United States, Middle East, and Bahrain. Mr. Karaan past experience includes working with large corporations such as FLUOR and ABB and prior to joining GFH he held the position of Managing Director at LTC, the company which created Reef Island in Bahrain. In that capacity, Mr. Karaan created one of the best integrated residential and leisure developments in the GCC.

Mr. Karaan earned a M.Sc. degree in Engineering Science from the University of Toledo, in Ohio in 1985 and completed his undergraduate studies from Clemson University in South Carolina in 1980 where he received a B.Sc. in Electrical and Computer Engineering.

ZIED JOUINI - CHIEF EXECUTIVE OFFICER - TUNIS BAY PROJECT COMPANY
ZIED JOUINI - CHIEF EXECUTIVE OFFICER - TUNIS BAY PROJECT COMPANY

Zied Jouini joined Tunis Bay Project Company in 2009 as Deputy CEO and Head of Development and Technical Department. Since October 2018, Mr Jouini was promoted to the head of TBPC. In his position, Mr. Jouini is reponsible to direct and oversee all activities of Tunis Bay Project Company and set the strategic direction over the short, medium and long term.

Mr. Jouini has significant experience with public engagement and the development of small to large real estate projectss. Prior to joining GFH Mr. Jouini served as Advisor to the President of the Republic Tunisia for a number mega real estate development projects nationwide, responsible for a portfolio of more than 20 millions m² of mixed use development residential, commercial and cultural. His work has included mainly the implementation of major projects such the Mediterranean Gate, Tunis Sport City and the banks of Southern Lake project and the harbor of Tunis,

Mr. Jouini holds a Master of Business Administration (MBA Manager`s) from Mediterranean School of Business in 2010, a Master of Engineering (DEA) from the National Engineering School of Tunis in 2003 and a Civil Engineering Degree from the National Engineering School of Tunis in 1998.

 FARES BOUSLAMA DIRECTEUR MARKETING ET COMMERCIAL DE TUNIS BAY PROJECT COMPANY
FARES BOUSLAMA DIRECTEUR MARKETING ET COMMERCIAL DE TUNIS BAY PROJECT COMPANY

Farès Bouslama joined Tunis Bay Project Company in January 2018 as Director Marketing & Sales. In his position, Mr. Bouslama is responsible for managing all aspects of marketing and sales including the implementation of thecommunication strategy, marketing programs and brand management. In this role, he leads the marketing direction and strategic vision of Tunis Bay.

Mr. Bouslama has more than 14 years experience in large-scale real estate development projects in Tunisia, Algeria and the UAE. His past experience includescompletion of multi-million-dollar projectsinTunisian, US and G.C.C companies. During his tenureprior to joining gfh,Mr. Bouslama held a position of Development Manager at Sama Dubai, a subsidiary of Dubai Holding the company which developed Mediterranean Gate in Tunis. Mr. Bouslama has also held the position of Managing Director at Tunis Bay Alliance Golf Project, a subsidiary of TBPC as well as the position of General Manager at FrameMax Inc. a US based corporation, a leading company in design and engineering, steel framing processing and cold-formed steel manufacturing.

Mr. Bouslama holds a Bachelor Degree in Arts with a Major in Political Science and a Minor in International affairs from the University of Hofstra in New York in 1997

ALLALA BLAGUI CORPORATE AFFAIRS MANAGER – TUNIS BAY PROJECT COMPANY
ALLALA BLAGUI CORPORATE AFFAIRS MANAGER – TUNIS BAY PROJECT COMPANY

Allala Blagui joined Tunis Bay Project Company in July 2010 as a Corporate Affairs Manager. In his position, Mr Allala is responsible for the company’s accounting and finance activities. In his role he requires managing and preparing budget & budgetary control reports and ensure prompt generation of financial statements. He is also in charge of the development and administrative management of human resources.

Mr Allala has more than 20 years experience in real estate account management in Tunisia and Qatar. Mr Allala held a position of Senior Accountant at M.E.C. Mouawad-Edde Contracting Co Qatar (W.L.L), a company which provides civil contracting for commercial and residential building projects such as Porto Arabia project in the PEARL - QATAR in Doha . He also held the position of Head of Accounting Department at Mobile Concrete Qatar, a Cement Factory for the extension of Ras-Laffan Petroleum Port (a joint venture between Jean de null and Buscalus)

Mr Allala holds a Bachelor Degree in Science of Management with a major of Management control from High Institute of Management of Tunis ( I.S.G )

ABOUT GFH

GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognised internationally for over a decade. GFH has developed a strong and consistent ability to identify, successfully bring to market and capitalise on a wide range of solid investment opportunities in some of the world’s most dynamic markets and sectors. This approach signifies the Group’s investment insights and commitment to increase the value of its assets, and financial returns to its investors and shareholders.

Since the Group’s inception in 1999, GFH has raised over US$5 billion in equity from its strong client base in four main activities:

- Wealth Management;

- Commercial Banking;

- Asset Management; and

- Real Estate Development

GFH is listed on three stock exchanges in the GCC, including the Bahrain Bourse, Kuwait Stock Exchange (KSE) and Dubai Financial Market (DFM) where it is one of the most liquid and actively traded stocks. GFH’s operations are principally focused across the GCC, North Africa and India, along with strategic investments in the U.S. and U.K.

Recognition

GFH has consistently been widely recognised by various industry stakeholders for its innovative approach, investment prudence and overall achievements in Islamic finance, wealth management and investment banking. In 2015, the group was awarded the ‘Best Investment Bank – Middle East’ at the 10th Islamic Business & Finance Awards. In 2014, GFH was recognised as the ‘Fastest Growing Bank in Bahrain’ and ‘Best Wealth Management Firm’ by CPI Financial and Banker Middle East. Earlier in 2012, the company won the prestigious award for ‘Best Islamic Investment Bank, Bahrain’ from Capital Finance International (CFI). Other awards include Banker Middle East’s ‘Deal of the Year 2008’, Euromoney’s ‘Best Investment Bank’ in 2005, 2006 and 2007 and ‘Best Islamic Investment Bank’ in 2005.

Creation

As an innovative investment Group, GFH has an enviable track record in conceptualizing and establishing a large number of pioneering financial institutions in the GCC. GFH was instrumental in the creation of First Energy Bank, the world’s first Islamic investment bank focusing exclusively on the energy sector. The Group also established various cross-border entities including Khaleeji Commercial Bank in Bahrain, QInvest in Qatar, Arab Finance House in Lebanon, First Leasing Bank in Bahrain, Asia Finance Bank in Malaysia, and Gulf Holding Company in Kuwait.

GFH has also successfully conceived, funded and developed large, complex and innovative real estate and infrastructure projects in the GCC, MENA and India. Residential and commercial projects include Bahrain and Tunisia’s iconic Financial Harbours, and Energy Cities in Qatar and India. These developments are eventually expected to be key economic drivers and commercial business hubs of note. The Group has also acted as the master developer for luxury lifestyle developments such as Royal Ranches of Marrakech in Morocco. More recently, the Group has led the revival of the prestigious Bahrain developments multi-million dollar Villamar project and the development of the Harbour Row project.

Diversification

As part of GFH’s vision, the Group adopts a dynamic, entrepreneurial investment approach underpinned by solid professional credentials. Furthermore, the group pursues a diversified asset allocation strategy to adapt to the multitude of challenges in an ever changing macro environment whilst working closely with our stakeholders to realistically meet expectations. In terms of asset class diversification, GFH has participated in and brought privileged access to unique private equity investments and in wide-ranging sectors such as real estate, consumer goods, retail, healthcare, industrial, education, technology and sports. Geographically, GFH initially had an investment focus on the Middle East, North Africa and India, but in recent years the Group has further diversified its holdings across the U.S., U.K. and Turkey to take advantage of emerging opportunities in these markets.

Visit GFH Properties website

Visit GFH website

THE BRAND

Tunis Bay is a flagship urban project in the northern suburb of Tunis, this 523 hectares development with its Golf Course Residence, Mall, Marina, Business District, University and private hospital is set to become a pivotal hub in Tunisia's Economy and an incubator of architectural, technological and sartorial innovation. Its sophisticated and highly functional infrastructure and amenities along with its business, family and ecofriendly environment, will soon establish this new city as a model metropolis bursting with life and shining on the rest of Tunisia and North Africa. Tunis Bay is cleverly planned to combine the personal and the professional spheres, facilitate internal and external mobility, set the stage to all kinds of fruitful interactions and provide a board selection of enterprising opportunities. With its 1,450,000 m² of retail and office spaces it will perfectly match all the needs and expectations of established businessmen and young entrepreneurs. The 100,000 m² Mall with its local and international brands, world class cafes and restaurants, will be one of the major shopping and entertainment destinations in Tunisia, fulfilling every shopper and retailer's dreams. The promise of luscious urban lifestyles would not stop at the Mall and its confines but will reach to the 80 hectares Golf Course with its select clubhouse, the Marina and its central Yacht-club and the beach and its lively corniche. Tunis Bay will be easy to navigate, providing a network of pedestrian friendly streets connecting its major components and allowing its inhabitants and 67,000 daily commuters to smoothly access its various parks and green spaces. Nurturing family ties, achieving professional success and delighting in life's pleasures are the foundations of Tunis Bay, this Tunisian urban promise setting the standard for future cities.

a propos de Alliance

Le Groupe Franco-Tunisien Alliance a été créé en 1990 par son président Samir Jaieb. Les premières opérations immobilières du Groupe Alliance ont vu le jour en Ile de France par la réalisation de villages de maisons individuelles et d'immeubles d'habitation en accession à la propriété. C'est en 2005 que Samir Jaieb décide de réaliser sa première opération immobilière en Tunisie à travers la résidence Hôtelière Le Monaco à Sousse

A ce jour le Groupe Alliance a réalisé plus de 1500 logements en France et plus de 800 logements en Tunisie. En 2010, le Groupe Alliance décide de se développer également aux Etats-Unis et plus particulièrement à Miami où il réalise des villas de luxe de grand standing sur les îles de Palm Island et Hibiscus Island. Récemment le Groupe Alliance s'est rapproché de Financière Clorelice, société de promotion immobilière française, afin de s'associer dans des grands projets en cours de développement sur la France et la Tunisie