(TAP) – The Qatar Fund for Development (QFFD) will earmark $ 250 million (571 million dinars) for the opening of its new office in Tunisia, Sultan Al-Asiri, QFFD vice-president said during a meeting with Minister of Development, Investment and International Co-operation, Mohamed Fadhel Abdelkefi.

According to a statement by the Development Department, the Qatari official said the preparations are almost complete for the opening of this office, whose activity will focus mainly on participation in the achievement of development projects in vital and priority fields in Tunisia, such as education, health, financial inclusion…

For his part, Abdelkefi commended the level of bilateral co-operation in the fields of investment or financial and technical collaboration in recent years.

“The choice of Tunisia to host the regional office of the Fund for North Africa is a strong signal for boosting the existing co-operation between our country and QFFD and its diversification,” said Abdelkefi.

He also pointed to the improvement of the economic situation in Tunisia and the beginning of a gradual recovery of development.

The memorandum of understanding pertaining to the opening of the QFFD office in Tunis was signed in December 2016. This is the first office opened by the Qatari Fund outside Qatar.