Three partnership agreements between Tunisian and Chinese private operators inked | Tunisia News Gazette

Three partnership agreements between Tunisian and Chinese private operators inked

Three partnership agreements were signed on Friday on the sidelines of the 5th Tunis Forum on the theme: Tunisia-China: A Partnership for the Future,” organised in Tunis at the headquarters of the Arab Institute of Business Leaders (IACE).

These agreements worth over 1.200 billion dinars, are in line with the objectives of the Tunisia 2020 Conference (November 29-30, 2016) and seek to deepen Tunisian-Chinese relations.

A first agreement was signed between the LOUKIL Group and the Industrial and Commercial Bank of China (ICBC) to finance the Tunisia Africa Mall at the megaproject the Tunis Financial Port in the El Hsayene in Raoued (northern suburb of Tunis).

According to Bassem Loukil, CEO of the Group, the project costs 65 million dollars and it covers the area of 200 thousand m2.

The second agreement was signed by ICBC and AMEN BANK to develop business relations between China and Tunisia, said Amen Bank CEO Ahmed Karam to TAP, adding that it consists in granting financing lines to the AMEN BANK to help Tunisian companies invest in Africa, achieve joint ventures and finance megaprojects that Tunisia can not finance on its own as they require substantial capital.

Karam pointed out that the Industrial and Commercial Bank of China had affirmed willingness to co-finance with Tunisia public-private partnerships.

The third agreement was inked by HUWAEI and the Industrial Company of Apparatus and Electrical Materials (SIAME).

SIAME CEO Mongi Jelassi said that it is a collaboration for the development of a smart solution “SMART METERING.”

This smart metering, once ready, is dedicated to the Tunisian Electricity and Gas Company (STEG).

Source: TAP News Agency

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