25.9 C
Monday 20 September 2021
HomeFeatured NewsTunisia: reported investments up15.4% in early 2012 (APII)

Tunisia: reported investments up15.4% in early 2012 (APII)

Reported investment in the industrial sector rose 15.4% during the first two months of 2012 compared to the same period of 2011, from 469.1 MTD in 2011 to 541.3 MTD this year, according to the latest statistics from the Agency for Promotion of Industry and Innovation (APII).

This is due to the remarkable increase in investments reported in the leather and footwear sector, which is estimated at 1,308% in early 2012 against only 2.5% during the first two months of 2011 (period of Revolution where the entire economy was in full recession).

This was the same for the mechanical and electrical industries and chemical industries which posted increases of 95.4% and 95%, respectively.

Investments reported in the industries of building materials, ceramics and glass and textiles and clothing were also on the rise with respective increases of 40.4% and 24.8%.

Yet, those related to food industries and various industries fell by 12.4% and 38.3%, respectively.

The distribution of investments reported by object shows an increase of 11.8% in new creations and 22.4% in project extensions.

By type, API statistics indicate that investment of fully exporting companies went up by 31.3% against 9.6% for other companies.

Foreign share investment rose 27%, from 120.7 MTD in 2011 to 154 MTD in 2012 while totally foreign investments increased by 56.4%.

The regional distribution of investment reported in 2012, shows a concentration on eastern areas (53.8%) where new industrial projects are underway.

However, these investments are down 28% for western regions.

For regional development zones, reported investments increased from 275.7 MTD MD in 2011 to 297.1 MTD in 2012, i.e. up 7.8%, according to APII statistics.


Please enter your comment!
Please enter your name here

- Advertisement -