Swiss Wood firm to invest 900 million euros in Tunisia

Posted by Washington Post: Juliet Eilperin on December 18th, 2010
Reuters: Switzerland-based Global Wood Holding will invest 900 million euros to grow Eucalyptus trees in Tunisia and export the wood to Europe, creating 45,000 jobs. The project will be sited on 160,000 hectares in the Tunisian desert some 500 km (310 miles) south of Tunis. The company's deputy chairman Aldo Bonaldi, speaking at news conference with Tunisian State Lands Minister Fouad Dagfous, said he expected to export two million tonnes of wood each year. The project would be completed over 15......

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