Foreign investments reached 620.8 million dinars (MD) at the end of March 2019, up 9.8% compared to 2018, according to statistics From the Foreign Investment Promotion Agency (FIPA).
Compared to the last three years, these investments edged up 37.4% compared to 2017 and 63.3% compared to 2016.
In foreign currencies, foreign investments reached € 204 million (-12%, compared to the first quarter of 2018) and $ 179.6 million (-5.6%), according to the balance of the foreign investments for the first three months of 2019,
The foreign direct investments (FDI) were worth 616.3 MD compared to the last three years, up 10.2% compared to 2018, 39.9% compared to 2017 and 68.4% compared to 2016.
On the contrary, the portfolio investment edged down 26.3% in the first three months of 2019 compared to 2018, only 4.5 MD compared to 99.5 MD in 2015.
The FDI are shared out by 46.4% for the energy sector (up 13.6% to 286.1 MD) and 43.9% for manufacturing industries (45.9%) to 270.5 MD.
The foreign investment in the services sector fell by 50%, from 116.2 MD in the first quarter of 2018 to 59 MD in 2019. The same is true for foreign investment in agriculture which plummeted 89.9%, to 0.6 MD.
Tunisia is targeting the attraction of 3 billion dinars of foreign investment by the end of the year, against 2.8 billion dinars in 2018.