The approved agricultural investments reached 184.9 million dinars (MD) in the first half of 2020 (H1), against 161.4 MD during the same period last year, up 14.6%, according to data from the Agricultural Investment Promotion Agency (APIA).
In numbers, investment operations stood at 1,341 operations in H1 2020, against 1,685 operations during the same period last year, posting a 20.4 MD decrease.
These approved investments will help create 1,511 permanent jobs, 27 of which are dedicated to higher education graduates.
These investments are divided between agricultural activities (122.1 MD), fishing (12.8 MD), aquaculture (3.3 MD), services (18.8 MD) and integrated primary processing (27.9 MD).
According to the APIA, the approved investments will benefit from premiums worth 54.6 MD, i.e. 29.5% of the approved investment.
The incentive granting committees approved 26 land loans worth 2.6 MD against 30 loans worth 3.2 MD. These loans will help integrate 271 hectares of agricultural land into the economic cycle.
The reported private agricultural investments reached 516.7 MD up to the end of June 2020, against 718.8 MD during the same period of 2019, i.e. a 28.1% drop.
In numbers, 2,695 investment operations were reported during the first six months of 2020, against 3,923 operations during the same period of 2019, i.e. a 32.2% fall.
This drop is due to the general lockdown period which led to the decrease in reports in March and their absence in April, while investments reported during the first four months of the year 2019 recorded a peak in April as indicated in the diagram (134.2 MD).