Volume 9 Article informations Raoued's financial cluster project and the meaning of urban development in Tunis Abdelhamid Hagui Abstract The way of approaching and designing wetlands has evolved in Tunisia in recent decades. If the spatial planning policies of the 1970s and 1980s tried to preserve the ecosystems of the various water bodies of the capital, the motto of planners since the 1980s, is to use the banks of the plans of water for the benefit of urbanization. A policy that would come to meet land and financial needs defined as inevitable. The purpose of the article is therefore to question a possible renewal of temporalities of urban projects in Tunis following the adoption of principles related to the exploitation of wetlands. The study of Raoued's financial cluster project seeks to transform the image of the city and the production of a competitive territory. This study is such a rich object to understand not only the processes of territorial mobilization, but also the recent changes in territorial governance policy and the dysfunction of certain projects. It is a project that will allow us to understand the logic of the actors to transform the wetlands to integrate operations of high value of investment. Is it legitimate then to see if this is a real innovation of urban planning that can change the image of the city? And can we measure the territorial effects of such a project? The importance of this text can be operated at two levels. In fact, with the absence of a clear and precise universal scientific definition of wetlands, it should be noted that, so far, very few scientific questions have studied projects located in the urban fabric of large urban areas. Key words: Wetlands, Urban project, Urban manufacturing, Urban risk, Temporalities, Landscape, Vulnerability