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Friday 23 July 2021
HomeNewsTunisia: 169.8 MD of private agricultural investments approved until end May 2021

Tunisia: 169.8 MD of private agricultural investments approved until end May 2021

Private agricultural investments approved by the Agency for the Promotion of Agricultural Investment (APIA) went up 83% in value, to 169.8 million dinars (MD), between 2020 and 2021 (5 months).

These investments will create 1390 permanent jobs and have received a total subsidy of 52.4 MD, representing 30.9% of the volume of investment approved.

Investments in arboriculture have increased by 151% to 43.3 MD, while those approved for the young entrepreneurs and women grew 33% and 68%, respectively.

Regarding the activity of coastal fishing, approved investments have reached 5 MD, from 3 MD during the same period of 2020.

For the agricultural services sector, investments have increased by 129%. This development concerns mainly the activities of refrigerated transport, milk collection, well drilling services and water exploration.

On the other hand, those of the aquaculture sector have decreased, being limited to the approval of 3 operations worth 0.7 MD related to the breeding in floating cages, in the governorate of Monastir.

The same downward trend is noted in the primary processing sector, where investments have fallen by 72%, being limited to the approval of 9 operations worth 5 MD.

According to APIA, the recorded development of investment in renewable energy has continued in recent years, with 62 investment operations approved including components of photovoltaic, worth 13.1 MD. They will benefit from the premium of renewable energy amounting to 4 MD.

During the first five months of 2021, 2899 investment operations worth 554, 8 MD have been declared (+ 43% in terms of value).

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