Reuters reported that Kuwait's Al Mal Investment Company, a firm controlled by the family owned conglomerate Kharafi Group, will bid for a multi billion dollar project in Tunisia.

Daily Al Watan citing Mr Fawzy al Jouder MD of Al Mal Investment Company reported that the firm is qualified by the Tunisian government to submit a bid to build a port under the build, operate and transfer system that could cost EUR 1.4 billion (USD 2.22 billion).

Mr Jouder said that the firm is also studying investing in infrastructure projects in Kuwait worth more than USD 377 million and is eyeing overseas investments of more than USD 200 million in the power sector. He said that the company is currently studying projects in other sectors and in different geographical locations in infrastructure, power, health and telecommunications sectors.