March 26, 2009

Sama Dubai project almost evaporated

Posted at March 26, 2009 12:57 PM in .

Cartoon: courtesy of [Debat Tunisie]

In Tunisia, first, the project "The Gate of the Mediterranean, the new city that Sama Dubai, a subsidiary of Dubai Holding Group, is proposed on the shores of South Lake of Tunis, with an investment of 25 billion dollars, no longer appears in the immediate future on the agenda. Indeed, meeting in extraordinary general meeting, Sama Dubai and the UK EC Harris, decided on 27 January 2009 to dissolve proactively "Sama ECH Tunisia", their joint venture in Tunisia, which was overseeing the planning and implementation of the project "The Gate of the Mediterranean".

Source [Web Manager Center (french)]

Via [Tunisia Watch(french)]

As I did predict months ago, the prject no longer exits and was hit. back to normal, no skycrapers or Indians welders in the way, just salty water and few birds eating fish.

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