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Tuesday 27 September 2022
HomeNewsTunisia: Agricultural investments soar by 40.3%

Tunisia: Agricultural investments soar by 40.3%

Approved agricultural investments reached 233.2 million dinars, for 1,297 investment operations, until the end of May 2022, down 3.3% in number and 40.3% in value compared to the same period of 2021, according to data from the Agricultural Investment Promotion Agency (APIA) published Thursday.

These investments would generate 1,297 permanent jobs, against 1,349 during the same period in 2021, APIA said.

They benefited of subsidies amounting to 61.6 MD, which represents 26.4% of the approved investment volume, against 51.1 MD during the same period of 2021.

The approved investments in the arboriculture sector amounted to 63.1 MD, which represents 38% of the total volume approved in the agricultural sector.

They reached 25.2 MD in olive growing, and 40.8 MD in poultry growing, against 5.7 MD during the same period in 2021. The approved investments saw a 71.1% increase in oil mills, while those in the drift net fishing amounted to 1.9 MD after having been of the order of 0.7 MD.

Investments in the aquaculture sector account for 5% of the overall approved volume.

These investments benefited from subsidies worth 61.6 MD, which represents 26.4% of the approved investment volume, against 51.1 MD, during the same period of 2021.

The committees granting advantages approved 11 land loans, worth 1.7 MD, against 16 loans worth 1.7 MD during the same period of 2021.

These loans will allow the integration of 106 hectares of land in the economic cycle, against 123 during the same period of the previous year.

APIA said 2,791 reported investments, worth 536.4 MD, were recorded during the first five months of 2022. They posted a 10.5% decrease in number and 11.7 % in value compared to the same period of 2021.

Reported investments decreased by 18.1% in number and 7.7% in value, compared to the 2016/2020 development plan.

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