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Wednesday 16 June 2021
HomeNewsTunisia: foreign investment doing well, says FIPA

Tunisia: foreign investment doing well, says FIPA

The flow of foreign investment reached the sum of 1,157.7 MD at the end of July 2017, up 6.7% compared to the same period of 2016, but down 13 percent compared with the first seven months of 2015, according to the latest statistics published by the Foreign Investment Promotion Agency (FIPA) on Wednesday.

This flow is distributed at 1,103.7 MD in foreign direct investment (FDI) and 54.0 MD in portfolio.

Investment in portfolio went up by 53.8% compared with the same period in 2016 but fell 78.3% compared with July 2015.

In the case of FDI, their inflows grew by 5.1% compared to the same period in 2016, with a net increase of 29.7% in investment in industry to 473.5 MD in 2017 against 365. 1 MD, the previous year.

The flow of investment in energy, the first sector draining foreign investment in Tunisia, however, fell by 6.8% to 545.1 MD during the first 7 months of the current year from 585 MD last year.

This downward trend also affected investment in services, which was of the order of 81.2 MD in the first seven months of 2017, falling by 15% compared to 2016, by 47% compared to 2015 and 61.3% compared with 2014.

The flow of foreign investment in the agriculture sector also declined by 17.9% compared with 2016 to 3.9 MD.

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