The value of investments reported to the Tunisian Investment Authority “TIA” reached TND 815 million in the first half of 2023, down 36% compared to the same period in 2022, according to the authority’s statistical bulletin for June 2023, published early this week.
In fact, 17 projects were notified to the TIA, leading to the creation of 4,354 jobs, which is 21% more in terms of number of projects and 9% more in terms of jobs than in the same period in 2022.
These projects are divided into 9 new projects (53%) with an investment cost of TND 476 million and 2,487 jobs to be created, and 8 expansion projects (47%) with an investment cost of TND 339 million and 1,867 jobs to be created.
The majority of new projects are in two sectors: Manufacturing (72%) and Renewable Energy (28%).
Regarding the sectoral breakdown of projects, the TIA pointed out that the industrial sector accounted for the lion’s share in terms of reported investments (76%) and employment (85%), knowing that reported investments in this sector increased by 23% in June 2023 compared to the same period in 2022.
The mechanical and electrical industry (MEI) sector attracts 42% of declared investments, followed by the agro-food industry (29%).
Agricultural investments are represented by 2 large integrated projects with a total investment budget of 62 million TND. These projects will create 119 jobs.
Out of all the reported projects, 6 projects operate under the total export regime with a total investment of TND 295 million (2,971 jobs) and 11 projects operate under the other than total export regime with an investment cost of TND 520 million (1,383 jobs).
The number of jobs to be created by projects under the Totally Export Oriented Regime increased by 5% by June 30, 2023 compared to the same period in 2022.
