Tunisia: TIA, 45 projects reported till October, overall investment of 1,911 MD

  • 09 November 2020 / News / 239 / Emerging Africa

Tunisia: TIA, 45 projects reported till October, overall investment of 1,911 MD

The number of reported projects reached 45 during the first 10 months of 2020, representing an overall investment of 1,911 million dinars (MD), i.e. a 62% increase, according to the Tunisian Investment Authority (TIA).

These projects will help create 12,759 jobs, against 13,734 jobs during the same period of 2019, the same source points out.

The cumulative investment until October 31, 2020 recorded a slight decrease of 3% compared to the same period in 2019. This decline is explained by the report of a cement plant project for a substantial investment cost of 650 MD in October 2019, the same source adds.

Excluding this investment operation, investments edged up 44% up to October 2020.

Reported investment projects are divided between creation operations(26), extension operations(17) and renewal operations(2).

With regard to the breakdown of the 45 investment projects reported by sector, the industry sector is in the lead in terms of investment with 26 projects with a cost of 928 MD allowing the creation of 9,510 jobs, followed by the renewable energy sector with 9 projects worth 471 MD and 70 scheduled jobs.

According to the TIA, the materialisation of projects in the renewable energy sector in the allowed time would, on the one hand, accelerate Tunisia's energy transition plan for 2030, and encourage the development of larger scale projects by attracting new investments, on the other hand.

The service sector ranks second with 7 projects worth 235 MD, helping create 2,107 jobs. In the tourism sector 3 projects were reported at a cost of 277 MD and 1,072 scheduled jobs.

// 45 investment projects in 16 governorates //

According to the TIA, the 45 reported investment projects, up to October 31, cover 16 governorates. The regional coverage of the projects includes the regional development areas with 18 projects to be located there, i.e. 40% of the total number with a budget of 497.6 MD which accounts for 26% of the total reported investments and thus enabling the creation of 2,648 jobs, i.e. 21% of the total number of jobs to be created.

The projects reported in the regional development areas cover the industrial sectors with an investment of 371.6 MD. They represent 75% of the total investments reported in the regional development areas and the renewable energy sector worth 126 MD, i.e. 25%.

//Breakdown of reported projects according to investment regime //

Out of the 45 projects reported, until 31st October, 15 projects operate under the totally exporting regime with an overall investment of 633 MD, i.e. 33% of investments (creation of 8,662 jobs) and 30 projects reported under the regime other than totally exporting with an investment cost of 1,278 MD, helping create 4,097 jobs, i.e. 32% of the total jobs to be created.

"These figures show that the exporting activities are still playing an inportant role in job creation."

//30 reported projects have foreign participation//

Besides, out of the investment projects reported to the TIA, during the first 10 months of 2020, 30 projects include a foreign participation for an investment cost of 1,414 MD, i.e. 74% of the declared investments, generating 10,663 jobs.

According to the TIA, the statistics relative to the breakdown of foreign participation by country, consecrate the position of Tunisia's strategic partners as providers of foreign direct investment.

Germany is in the lead with 41% of the total of projects with foreign participation, followed by France with 22% of the total of investments with foreign participation. Spain comes third with 10%

source: tap.info.tn