Approved agricultural investments have increased by 6.9% between 2017 and 2018 (10 months), to 496.8 million dinars (MD), for 4,082 projects, according to the Agricultural Investment Promotion Agency (APIA).
The investments approved for young promoters amounted to 62.8 MD, against 51.5 MD in 2017. Those in the fruit trees reached 114.1 MD (against 99.5 MD in 2017), of which 75.2% for planting olive trees.
Approved investments in soil preparation and harvest are in the order of 36.4 MD. They account for 45.9% of total approved investments in the services sector.
With regard to the extraction of crude edible oils, the approved investments reached 44.8 MD, or 89.2% of the total investments approved in this sector. The majority of these investments are organic oil mills.
The rate of bank financing of agricultural investments also grew 18.8% in the first 10 months of 2018, compared to 15.4% in 2017.
The approved investments will benefit from premiums of the order of 158.6 MD, or 31.9 of the financing structure of these projects.
APIA has also approved the granting of 64 property loans worth 8.6 MD against 55 credits worth 5.8 MD during the same period of 2017. These credits will allow the integration of 794 hectares in the economic circuit.
Decline of reported investments
Investments declared with the services of the APIA, until the end of October, reached 6,986 operations with a value of 1,168.1 MD, against 8447 operations of a value of 1,461.1 MD in 2017.
The reported investment intentions for equipment reached 582.9 MD, representing 50.2% of the total investments declared at the end of October 2018