Twelve investment projects have been reported to the Tunisia Investment Authority (TIA), during the first quarter of 2023, for an overall value of TND 543.5 million, up 27% in terms of investment compared to the same period of 2022.
The TIA has also reported an increase in the number of jobs of 306% compared to the first quarter of 2022 through the creation of 3,179 job positions.
According to a statistical note published Wednesday, the TIA explained that the volume of investments generated by creation operations is clearly higher than that of extension operations, reflecting the creation of new projects and positive prospects for the creation of new jobs.
The investments generated by creation operations mainly concern two sectors, namely: the manufacturing sector (72%) and renewable energies (RE) (28%).
The reported investment projects are spread over the sectors of industry (8 projects with a total budget of TND 344.8 million and 2530 jobs to be created), agriculture (2 projects with a budget of TND 62 million and 119 jobs to be created), renewable energies (1 project with a budget of TND 120.4 million and 10 jobs to be created) and services (1 project with a budget of TND 16.3 million and 520 jobs).
A more detailed analysis of the manufacturing sector shows that the sector of Mechanical and Electrical Industries (MEI) monopolizes (75%) of the reported investments, followed by the Ceramic and Glass Building Materials Industry (15%), the textile and apparel industry (10%) at the level of job creation.
Out of all the projects reported during the first quarter of 2023, 4 projects operate under the totally exporting regime with an overall investment of 234.2 MD allowing the creation of 2380 job positions and 8 projects reported under the regime other than totally exporting with an investment cost of 309.3 MD allowing the creation of 799 job positions.
The 12 investment projects reported in the first quarter of 2023 cover 8 governorates. 50% of the reported projects are located in the regional development areas with a budget of TND 329.2 million, allowing for the creation of 1113 jobs, i.e. (35%) of the total number of jobs to be created.
Among the investment projects reported to the TIA in the first 3 months of 2023, are 6 involving foreign participation for an investment cost of TND 378.4 million, i.e. 70% of the reported investments, thus allowing the creation of 2,459 jobs. France is in first place in terms of the share of investments of more than TND 15 million and with foreign participation, with (33%) in the 1st quarter of 2023.
For the reported projects of national interest, they grew 67% in terms of number, passing from 3, in the 1st quarter of 2022, to 5 projects, in the 1st quarter of 2023. These projects represent (42%) of the number of projects reported until March 2023, with a total investment volume of TND 354.7 million, or (65%) of the total reported investment, allowing the creation of 2,390 jobs, or (75%) of the total number of jobs.
According to the TIA, the manufacturing sector has the largest share (61%) of the investments reported in the first quarter of 2023, followed by the renewable energy sector (34%).