Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islamic investment bank said on Monday.
The project will be one of the largest private foreign investments in the North African state, which has struggled to revive its economy since the revolution that toppled former President Zine El-Abidine Ben Ali three years ago.
A caretaker government has taken over to run Tunisia until elections later this year, ending months of crisis. But despite political progress, high living costs and a lack of economic opportunities remain the major concerns for many Tunisians.
GFH's project was scheduled to begin in 2009, but financial difficulties at the Islamic bank andTunisia's 2011 uprising froze several large-scale projects.
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