Approved investments in the agricultural sector decreased by 24.5% in value and 15.9% in number between 2022 and 2023 (7 months). They amounted to 1,556 investment operations worth 275.8 million dinars (MD) at the end of July 2023, compared to 1851 investment operations (365.5 MD) during the same period in 2022, according to the latest statistics published by the Agricultural Investment Promotion Agency (APIA).
Compared to the 2016-2020 development plan, private agricultural investments have decreased by 34.5% in number and 8.4% in value.
Approved investments will create 1,639 permanent jobs, compared to 2,056 in 2022.
The sectoral breakdown shows that approved investments in field crops have stabilized at 17.6 million dinars, while those in fisheries have increased by 31.6%. In addition, two investment operations worth 6.9 million dinars were approved in the tuna fishing sector.
In addition, four investment operations were approved in the aquaculture sector for a value of 2.9 million dinars.
Approved investments for young people decreased from 339 operations (34.5 MD) at the end of July 2022 to 271 investment operations (26.8 MD) in the first 7 months of 2023, including 158 operations worth 15.9 MD for young women.
Approved investments benefited from subsidies amounting to 78 MD, representing 28.2% of the approved investment volume. The credit rate stabilized at 19%.
According to the investment indicators for components that help rationalize the use of natural resources published by APIA, approved investments in photovoltaic equipment increased to 8.4 MD, benefiting from subsidies of 3.8 MD. Investments in organic farming amounted to 6.8 MD (2.3 MD in subsidies), while approved investments in water saving components amounted to 13.5 MD (6.6 MD in subsidies).
At the end of July, the granting committees approved 26 land loans worth 4.4 MD, compared to 34 loans worth 5.6 MD in the same period in 2022. These loans will allow 286 hectares of land to be brought into the economic cycle, compared to 359 hectares in the same period in 2022.
During the first seven months of 2023, the number of reported investments decreased by 7.9%, while their value increased by 8.2%. Thus, 3344 investment operations worth 772.8 MD were declared, compared with 3630 declarations (714.4 million dinars) in the same period of 2022. Compared to the 2016-2020 Development Plan, declarations decreased by 25.9% in number and by 2.2% in value.
Investments reported in the primary processing sector increased to a value of 98.1 MD compared to 36.9 MD. The number of investment projects declared online amounted to 1737 investment projects with a value of 353.8 MD, representing 52% of the number of declarations.
