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Tunisia: reported agricultural investment up 10%

The agricultural investments reported to the Agricultural Investment Promotion Agency (APIA) reached 4,040 investments worth 674.4 million dinars (MD), at the end of May 2018, posting a 10% increase in number and 9.3% in value.

According to data released by the Ministry of Agriculture, Water Resources and Fisheries Thursday, reported investments recorded a return to growth at the end of May 2018, after the decline in March 2018.

APIA has approved 2,369 investment operations valued at 260.9 MD at the end of May 2018, i.e. an increase of 27% in number and 20.9% in value. These investments will create 2861 jobs.

In addition, the investments of development and agricultural development companies have risen to 12.4 MD against 5.7 MD during the same period of the previous year, according to the same source.

Eight investment operations in the extraction of edible oils in bulk worth 12.3 MD have been approved, in addition to four investment intentions under Tunisian-Italian and Tunisian-Spanish partnership valued at 9.3 MD.

Regarding agricultural investments with banks, they went up by 22.2% at the end of May 2018.

The APIA has approved the granting of 37 property loans valued at 4.8 MD against 20 loans in the amount of 1.5 MD over the same period of 2017.

These credits will enable the integration of 447 hectares (ha) of agricultural land in the economic circuit.

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