25.9 C
Tunisia
Wednesday 16 June 2021
HomeNewsTunisia: reported investment projects in industry down 21% at end August

Tunisia: reported investment projects in industry down 21% at end August

The number of investment projects reported in the industry recorded a drop of more than 21% at the end of the first eight months of the year to 1,968 projects, compared to 2,511 in the same period of the past year.

This fall affected all industry sectors, all regimes and all categories of investments, particularly industrial investments of the exporting regime.

These projects will lead to the creation of 31,357 jobs, compared to 32,281 jobs in the first eight months of 2019, down 2.9%

However, the nominal value of reported investments in the industrial sector went up by 3% to 1.9 billion dinars, from 1.85 billion in the first eight months of 2019, according to data published by the APII (Agency for the Promotion of Industry and Innovation).

Projects under 5 million dinars went down 30.5% in value and represent this year 27.2% of the value of projects reported against an average of 43.2% over the last 5 years, which mainly reflects the increase in the cost of an industrial project due to inflation.

In terms of number, these “small projects” decreased by 22.8%.

Reported investments in the sector of mechanical and electrical industries posted a rise of 29.8% with reported investments of 734.5 million dinars during the first eight months of 2020 against 565.8 million dinars during the same period of 2019, mainly following the reported creation of a manufacturing unit of wind power for an amount of 97.3 million dinars and the reported creation of a manufacturing unit of automotive equipment for an amount of 71 million dinars.

The same applies to the sector of building materials, ceramics and glass industries whose investments increased by 23.5% during the first eight months of 2020 with 278.2 million dinars, compared to 225.2 million during the first eight months of 2019.

Reported investments in the sector of leather and footwear industries also grew from 7 million dinars to 19.6 million during the first eight months of 2020, mainly following the reported creation of a fully exporting tawery for an amount of 12 million dinars.

On the other hand, reported investments in the food sector fell by 19.9% from 480 million dinars to 384.5 million during the first eight months of the year 2020.

Reported investments in the chemical industry sector have also decreased by 58.5% to 1.1 billion dinars.

This is the same for the sector of textile and clothing industries whose investments have declined by 18.1% with 89.8 million dinars during the first eight months of 2020, compared to 109.7 million dinars during the same period last year, mainly following the reported extension of a fully export-oriented clothing unit for an amount of 12.8 million dinars. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS