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Thursday 18 August 2022
HomeNewsTunisia: private agricultural investment approved until end April hit 137.9 MD

Tunisia: private agricultural investment approved until end April hit 137.9 MD

The approved agricultural investments declined by 16.8% in volume but rose 19.8% in value in the first four months of 2022, the Agricultural Investment Promotion Agency (APIA) said Tuesday.

These amounted to 869 investment operations worth 137.9 MD against 1045 investment operations worth 115.1 MD during the same period last year.

Compared to the Development Plan 2016-2020, private agricultural investments went down 39.9% in volume and 38% in value. These investments will create 847 permanent jobs, compared to 997 during the same period in 2021.

Investments in poultry farming represent 22.3% of the total volume approved in the agricultural sector.

An investment operation of 9.9 MD was approved, relating to the development of a breeding center for laying hens in the governorate of Manouba.

Investments amounted to 1.6 MD in benthic trawling after being about 0.1 MD. Those approved in the aquaculture sector have grown to 3% of the total volume approved, while they did not exceed 1%.

Approved investments in milk collection services have increased to 3.2 MD after being about 1.7 MD, while those approved in the primary processing sector have risen by 26.7%.

The approved investments have benefited from subsidies amounting to 37.8 MD, representing 27.4% of the volume of investment approved against 38.5 MD during the same period of the year 2021.

The purchase of 391 agricultural tractors, worth 31.8 MD, was approved, against 432 tractors, worth 34.1 MD, during the same period in 2021. The rate of subsidies decreased to 27.4%, after being about 33.4% during the same period in 2021.

The benefit committees approved 11 land loans worth 1.7 MD against 9 loans worth 1.5 MD during the same period in 2021. These loans will allow the integration of 106 hectares of land in the economic cycle against 113 during the same period of 2021.

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