The value of approved investments in the agricultural sector fell by 32.8% to 100.4 million dinars between 2023 and 2024 (first 4 months).
These investments will lead to the creation of 804 permanent jobs, compared with 946 at the end of April 2023, according to the Agricultural Investment Promotion Agency (API).
The number of investments fell by 6.8% to 830. Compared to the first four months of the 2018-2022 period, private agricultural investments fell by 36.5% in number and 47.8% in value.
It should be noted that 86% of the approved investments are in agricultural projects, while 24.7% are in fisheries projects and 19.2% in primary processing projects.
The approved investments for the benefit of young people increased to 13.6 million dinars, compared with 10.9 million dinars in the first four months of 2023.
Likewise, the operations of investments approved with foreign participation represent a value of 1 million dinars against a value of 0.3 million dinars, at the end of April 2023.
APIA also announced that the total of approved investments benefited from subsidies amounting to 32.2 million dinars, which represents 32% of the volume of investments.
Subsidies for the purchase of agricultural equipment amounted to 14.4 million dinars (45% of total subsidies).
Investments in regional development decreased to 3.6 million dinars compared to 4.5 million dinars in the first four months of 2002.
11 land loans worth 1.6 million dinars were approved by the Benefits Committees, allowing 84 hectares of land to be brought into the economic cycle.
Regarding investment intentions, the Agency pointed out that 2571 investment operations worth 445.9 million dinars (-9.1%) had been declared by the end of April 2024.
In the services sector, investment intentions increased from 58.2 million dinars to 86.2 million dinars, while investments declared online amounted to 1688 investment operations worth 309.4 million dinars.
