The volume of reported private agricultural investment has increased by 72% per year, since the entry into force of the new investment law in April 2017, said the Ministry of Agriculture, Water Resources and Fisheries.
In a statement issued Wednesday, the Ministry pointed out that the annual average of reported investment reached 1,600 million dinars (MD) after the promulgation of the new investment law, compared to an annual average of 900MD during the period 2014/2016.
It added that private agricultural investment has recorded “a clear recovery in the volume of investment approved, despite some difficulties encountered at the beginning”.
The Agricultural Investment Promotion Agency has approved since 2017 (after the promulgation of the law) investments worth 710 MD per year, compared to 680 MD before the promulgation of the Investment Law (2014/2016).
Investments in agricultural mechanization have increased significantly after the doubling of the bonus granted at the time of acquisition.
Indeed, the number of tractors has increased from 1,500 (75 MD) before the promulgation of the law to 2500 tractors per year with a value of 160 MD.