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HomeNewsTunisia: TIA reports 86% increase in reported investment projects at end September

Tunisia: TIA reports 86% increase in reported investment projects at end September

Twenty-three investment projects were registered during the first nine months of 2022, for a budget of 2583.05 million dinars, a “significant” increase of 86% in terms of investment compared to the same period in 2021.

This significant increase of 86% is due to the reporting of a cement project for an investment cost of 950 MD during the month of March 2022, said the Tunisian Investment Authority (TIA).

23 projects reported will create 5917 jobs, said the same source.

According to the TIA, the investment projects include 14 projects with an investment cost of 1079.5 MD and 3589 jobs to be created in addition to 8 extension projects.

The investment cost of extension projects amounted to 553.55MD and will create 2028 jobs.

The sectoral distribution of investments generated by operations of creation shows that nearly a third of investments are made in the manufacturing sector, followed by the renewable energy sector (29%) and services (26%), added TIA.

On the other hand, the 22 investment projects reported during the first 9 months of 2022 cover 16 governorates, informs the TIA, saying 27% of projects are located in regional development areas with a budget of 490.68 MD allowing the creation of 1413 jobs.

According to the same source, 12 projects include a foreign participation for an investment cost of 1113.01 MDT.

Germany occupies the first place in the foreign share-holding of investments of more than 15 MD reported until September 2022, with (46.2%) followed by France (30).

The Projects of National Interest declared during the first 9 months of 2022, recorded an increase of 86% (in number) compared to the same period of 2021.

These projects represent 59% of the number of projects declared until September 2022 with an overall investment volume of 1143.3 MD.

More than half of these projects declared concern the sectors of industry and renewable energy.

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