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Tuesday 27 September 2022
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Tunisia: reported investment up in services but down in industry

Reported investment in the industrial sector has reached 907.5 million dinars in the first five months of the year 2022, against 987.7 MD during the corresponding period of 2021, down 8.1%, according to a report of the Agency for the Promotion of Industry and Innovation (APII).

The number of reported projects reached 1292 until end May 2022 against 1424 projects during the same period of 2021 (a decrease of 9.3%).

These projects will generate 19883 jobs, against 19731 jobs during the first five months of the year 2021, an increase of 0.8%.

Reported investments by sector

The sectors that have experienced increases in reported investments during the first five months of 2022 are those of the textile and clothing industries (+29.4%), leather and footwear industries (+65.7%) and miscellaneous industries (+113.0%)

On the other hand, reported investments in the other sectors recorded decreases compared to the same period of the year 2022. these decreases concerned the sector of the food-processing industries (+13.3%), that of the industries of building materials, ceramics and glass (-51.4%) as well as those of the mechanical and electronic industries (+4.7%) and the chemical industries (+68.6%)

It should be noted that 56% of investments reported during the first five months of 2022 fit into projects for extension and renewal of equipment. Investments reported under project creation fell from 416.6 MD during the first five months 2021 to 394.8 MD during the first five months of the year 2022, down 5.2%. Those reported within the framework of the projects other than creation (extension, renewal of material…) reached 512.7 MD against 571.1 MD during the first five months of the year 2021, down 10.2%.

The number of these projects has increased by 4.9% and the related jobs have gone from 11047 jobs to 8913 during the first five months of 2022 (or -19.3%).

Reported investments by regime

The investments reported in the totally exporting industries dropped 6.3% from 406.3 MD to 380.5 MD during the first five months of the year 2022. This is the same for the industries whose production is directed towards the local market which dropped by 9.4%, while decreasing from 581.4 MD to 527.0 MD during the first five months of the year 2022.

Thus 58% of the investments reported during the first five months of 2022 are for not totally exporting projects. The decrease of the investments reported in the totally exporting industries is due essentially to the sectors of the food-processing industries, the mechanical and electronic industries and the chemical industries.

The investments relating to the projects whose cost is higher than 5 MD saw a decline of 12.4%, from 595.2 MD during the first five months of the year 2021 to 521.4 MD during the same period of the year 2022. The number of projects reported reached 39 until end of May 2022, against 42 projects during the same period of the year 2021 (a decrease of 7.1%). These will projects allow the creation of 5911 jobs, against 4880 jobs during the first five months of the year 2021, an increase of 21.1%.

As for 100% foreign and share-holding industrial investments, they went from 397.1 MD during the first five months of the year 2021 to 338.7 MD during the same period of 2022, recording a decline of 14.7%. This fall results from the decrease by 51.6% recorded in share-holding investment (78.8 MD against 162.8 MD during the first five months of 2021).

Reported investments in services

The investments reported in the service activities saw an increase of 27.3% during the first five months of 2022 (477.9 MD against 375.4 MD during the first five months of 2021).

The number of reported projects rose from 3286 to 4001 during the first five months of the year 2022, that is to say an increase of 21.8%, while that of the jobs to be created reached 12611 against 11714 during the first five months of 2021, up 7.7%.

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