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HomeNewsTunisia: FDI up 79% (official sources)

Tunisia: FDI up 79% (official sources)

” The total flow of foreign investment in Tunisia totaled 3,079.5 million Tunisian dinars (MTD), posting a growth of 79.2% compared to 2011 and 27.4% compared to 2010, despite the economic difficulties encountered nationally and internationally in 2012, ” the Ministry of Investment and International Cooperation said in a statement released Wednesday.

According to the Department of Investment, “Manufacturing industries recorded a net increase of 61% compared to 2011, but posted a slight decline of 7% compared to 2010.”

“These investments have enabled the creation of 123 new businesses and the expansion of 185 units already installed, operating in several sectors, including textiles and clothing, mechanical and electrical services, leather and footwear, agribusiness and others which have helped create 10,263 job positions.”

The ministry reported that “more than 120 foreign companies have ceased their activities, mainly because of difficulties in marketing to Europe and to reasons related to productivity and social problems.”

Regarding mobilization of external financial resources, 1,101.4 MTD dinars in donation were mobilized, including 629.4 MTD bilaterally, 420 MTD from the European Union, 34.2 MTD under multilateral cooperation and 17.8 under regional cooperation.

Tunisia has succeeded, according to the Ministry of Investment “to mobilize for the first time in its history that amount while the average has been around 300 MTD per year in previous years, reflecting the desire of donors to support Tunisia in this critical phase of transition.”

On credits, Tunisia mobilized 3,899.3 MTD, including 1,733.3 MTD under regional cooperation, 1,673 MTD through bilateral cooperation, 834.4 MTD through multilateral cooperation and 700 MTD from the European Union.

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