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Friday 25 June 2021
HomeNewsTunisia: industrial investment with foreign participation down 14.2%

Tunisia: industrial investment with foreign participation down 14.2%

100% foreign investments and those made in partnership have dropped from 538.1 MD in the first seven months of 2016 to 461.9 MD during the same period of 2017, down 14.2%.

This decline is due to 100% foreign projects, whose investment fell from 254.5 MD to 168.3 MD in the first seven months of 2017 (-33.9%), while projects in partnership recorded a 3.5% increase (293.6 MD against 283.6 MD during the first seven months of 2016).

This was reported by the Agency for the Promotion of Industry and Innovation (APII).

The sectoral approach shows that the decline in 100% foreign investment and in partnership was attributable to the sector of the mechanical and electrical industries, whose investments went down from 258.8 MD to 140.9 MD (-45.6%), following the reporting in the first seven months of 2016 of the extension of a unit for the manufacture of precision mechanical parts for the aerospace sector for an amount of 67.6 MD.

This, besides the declaration of the extension of a unit manufacturing aircraft parts for an amount of 35.6 MD and the reported extension of a manufacturing unit of automotive cable harnesses for an amount of 13 MD.

On the other hand, the rest of the sectors recorded positive results with 100% foreign and in partnership investments during the first seven months of 2017.

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