HomeNewsTunisia: APIA-approved private agricultural investment down by more than 28%

Tunisia: APIA-approved private agricultural investment down by more than 28%

Private agricultural investments approved by the Agricultural Investment Promotion Agency (APIA) in the first 9 months of 2024 fell by 28.4% to 225.5 million dinars (MD), according to the agency’s s statistical bulletin released on Wednesday.

Compared to the first nine months of the 2018-2022 period, the value of private agricultural investments fell by 51.9%.

These investments will create 1,682 permanent jobs. They are distributed as follows: 140 MD for the agricultural sector, 49.9 MD for the services sector, 22.7 MD for the fisheries sector, 6.6 MD for aquaculture and 6.1 MD for primary processing.

Investments approved for young people amounted to 29.2 MD. Ten investment operations for joint ventures were approved for a value of 2.8 MD. Investments with foreign participation amounted to 8.1 MD.

Granted subsidies amounted to 71.6 MD, which is 31.8% of the approved investment volume. Subsidies for the purchase of agricultural equipment amounted to 29.3 MD or 41% of the approved subsidies. The lending rate reached 24%.

Approved investment in photovoltaic equipment reached 7.1 MD, with subsidies of 3.8 MD. Investments in regional development amounted to 8.9 MD.

The Benefit Granting Committees approved 20 land loans worth 2.9 MD. These loans will allow 151 hectares of land to be brought into the economic cycle.

In the first 9 months of 2024, investment intentions in agriculture reached a value of 929.8 MD, 5.5% less than in the same period of 2023.

Compared with the first 9 months of the 2018-2022 period, declarations decreased by 8%.

Investments declared online amounted to 644.7 MD, or 69.3% of the total volume declared.

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