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Tunisia: FDI falls by 31% in Q1 2021

Foreign direct investment fell by 31% in the first quarter of 2021 compared to the same period last year, according to figures from the Foreign Investment Promotion Agency (FIPA).

The coronavirus pandemic has played a negative role in attracting foreign investment in most sectors, says the agency, which states that investments have decreased from 2.5 billion dinars ($ 919 million) in 2019 to 1.8 billion TD ($ 662 million) last year.

They reached 344.6 million DT ($127 million) in March, compared to 503.6 million dinars ($185 million) in the same period in 2020.

Announced investments in the Tunisian industrial sector fell by 27.3 percent at the end of March. They also saw a remarkable drop in the building materials, leather, footwear and mechanical and electrical industries.

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