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Friday 23 July 2021
HomeNewsReported investments in industry down 25.6% to 987.7 MD at end May...

Reported investments in industry down 25.6% to 987.7 MD at end May 2021

Investments in the industrial sector have declined by 25.6% to 987.7 million dinars (MD), until end May 2021, according to the latest statistics published by the Agency for the Promotion of Industry and Innovation (APII).

These projects will generate 19,731 jobs.58% of investments reported, at the end of May 2021, are actions of expansion and renewal of equipment.

In fact, investments dedicated to the creation of new projects have fallen by 40%, to no more than 416.5 MD.

In addition, the investments reported in fully exporting industries have posted an increase of 39.9%, including in the activities of food industries, mechanical and electrical industries, chemical and textile and clothing industries.

On the other hand, investments in industries whose production is directed to the local market have declined by 44%, in the first five months of 2021.

APII also reported that 100% foreign and joint industrial investments have declined by 29%, and those directed to regional development areas went down 19.7%.

The number of projects receiving the investment premium under regional development at the end of May 2021, amounted to 106 projects, for a total investment of 285.2 MD.

They have mobilized an investment premium of about 38.7 MD.

These projects will allow the creation of 4422 jobs.

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