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Sunday 9 May 2021
HomeNewsTunisia: agricultural investments soar by 24.4% in value

Tunisia: agricultural investments soar by 24.4% in value

Private agricultural investments approved by the Industry for the Promotion of Agricultural Investment (APIA) reached 765 operations, worth 87.3 MD in Q1 2021, up 15.7% in number and 24.4% in value, compared to the same period in 2020.

These investments will create 760 permanent jobs. They concern the agricultural activity, at a rate of 81%, services (13%), fishing (3%), primary processing (2%) and aquaculture (1%).

Investments in arboriculture have increased by 58.9%, while those related to olive growing amounted to 26.6 MD, against 14.1 MD during the same period in 2020.

As for the poultry activity, an operation worth 4 MD was approved in the governorate of Nabeul, it involves the renewal of a unit of breeding laying hens.

The approved investments in the activity of coastal fishing, have increased to 1.2 MD, representing 48% of approved investments in the fisheries sector.

On the other hand, approved investments have decreased in the primary processing sector, being limited to the approval of 5 operations including 3 related to the activity of cold storage.

The approved investments have benefited from a subsidy of 28.7 MD, which represents 32.9% of the volume of investment approved. The rate of credit fell from 18.9% in the first three months of 2020, to 17.3% in the same period in 2021. The benefit committees approved 9 land loans worth 1.5 MD against 8 loans worth 1.4 MD. These loans will allow the integration of 113 hectares of land in the economic cycle

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