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Tunisia: FDI up 44.6 in H1 of 2012

Foreign direct and portfolio investments reached 1121.2 Million Tunisian Dinars (MTD) during the first half of 2012, compared to 775.3 MTD in the same period of 2011, posting a growth of 44.6%. The increase, during the first half-year of 2012, was of 2.8% compared to the same period of 2010 with 1090.6 MTD realized.

Foreign investments made in the first half of 2012 are divided into 1064.5 MTD for FDIs and 56.7 MTD in portfolio, compared to 734.5 and 40.8 MTD, respectively, during the first half of last year.

The rise in FDIs recorded during the first semester of 2012 was of 44.9% compared to 2011 and 8.3% compared to 2010. Results of the first half of 2012 were marked by start of production of 71 new companies, the realization of 120 extension operations and the creation of 6,731 new jobs, i.e., 9.8% and 13.5%, compared to the number of jobs created during the same period in 2011 and 2010.

Analysis of the FDIs flow by sector shows a concentration in the energy and manufacturing industries sectors, with 640 MTD and 233.2 MTD, respectively.

The sector-based analysis of FDIs, energy excluded, shows that the tourism and real estate sectors recorded steep increases, going up from 4 MTD during the first half of 2011 to 74 MTD during the same period of 2012 (+ 1750%). Compared to the same period of 2010, the increases were of 30.5%.

Activities in the services sector fell by 13.6% compared to the first 6 months of 2011 and increased by 19.9% compared to 2010. Investments made during that period of 2012 are estimated at 88.6 MTD, compared to 102.5 MTD for the same period of the previous year.

The FDIs dedicated to the farming sector remained low (3.6 MTD), i.e., 0.8% of the FDIs flow excluding energy.

The FDI flow made in the manufacturing industries was estimated at 233.2 MTD, compared to 196.8 MTD in the same period of 2011 (+18.5%) and 240 MTD in 2010 (-2.8%).

A more exhaustive analysis of the FDIs flow in manufacturing sector points to a strong polarization for the benefit of some activities.

In this connection, the electric and electronic industries sector ranks first, with its investments (75 MTD) and job creation (2,532), followed by the mechanical industries (47.2 MTD), textile and clothing industries (23.8 MTD) and construction material (26.4 MTD), recording a sharp drop compared to the first half-year of 2010 (-74%).


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