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Friday 17 September 2021
HomeNewsTunisia has exceeded the targets set in FDI for 2018

Tunisia has exceeded the targets set in FDI for 2018

Foreign investment reached 2,574.1 million dinars (MD) at the end of November 2018, against 1,974.3 MD, during the same period 2017, i.e. an increase of 30.4%.

In terms of volume, the targets set, 2,500 MD, was largely exceeded.

A source from the Foreign Investment Promotion Agency (FIPA) told TAP Tunisia will end the year 2018 with a foreign investment volume of about 2800 MD, considering that the value of investments will reach more than 3000 MD in 2019.

In foreign currency, these investments amounted to $ 983.5 million (829.2 million euros), taking into account the exchange rate of the dinar in relation to these two currencies.

Foreign investments are distributed between 118.8 MD in portfolio, up 6.6% compared to the same period of the previous year (114.4 MD) and 2,455.3 MD in foreign direct investment (FDI).

Foreign direct investment in the energy sector increased by 14.7%, from 783.6 MD at the end of November 2017 to 898.6 MD over the same period of 2018.

The flow of investment in the services sector registered a qualitative jump with an increase of 193.6% to reach 613.3 MD at the end of November 2018 against 208.9 MD during the same period of 2017.

FDI in the agricultural sector went from 15.9 MD to 46.4 MD.

In contrast, investment in the manufacturing sector grew by only 5% to 897 MD at end November 2018.

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