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HomeNewsTunisia: joint and foreign investment posts 7.8% growth in industry

Tunisia: joint and foreign investment posts 7.8% growth in industry

One-hundred-percent foreign and joint industrial investment reached 936.8 million Tunisian dinars (MTD) in the first eleven months of 2011, against 868.6 MTD, during the same period in 2010, representing a growth of 7.9 pc.

According to the latest issue (November 2011) of the Industry Innovation and Promotion Agency (APII)’s Bulletin, this increase is due to the the 76.9% rise in partnership projects, whose investment grew from 389.1 MTD in the first 11months of 2010 to 688.2 MD in the same period in 2011.

Sectoral analysis shows that the increase in 100% foreign and joint investments is attributable to the agribusiness sector, which foreign and partnership investments reached 97.3 MTD against 174 MD MD during the first 11 months of 2010.

This increase was recorded following the announcement of the creation of a unit of canned tomatoes and organic fruit with a budget of 27 MTD, a packaging unit of olive oil at an estimated amount of 19.8 MD, as well as fruits and vegetables canning plant for 15.4 MTD.

Joint and foreign investment reported in the industries of building materials, ceramics and glass increased from 30.5 MTD to 99.8 MTD during the first 11 months of 2011 as a result of the announcement of the extension of a unit of ceramic tiles glazing for a total amount of 25.6 MTD and a unit of crushing, screening and treatment of sand for a total cost of 16.3 MTD.

This is also the case of the chemical industry sector in which foreign and joint investment increased from 83.5 MTD to 149.1 MTD following the announcement of the extension of a phosphate processing plant for 80 MTD.

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