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Tunisia: Foreign Investment Up 13.1% to End-september 2023

Foreign investment in Tunisia increased by 13.1% at the end of September 2023 compared with the same period in 2022.
According to the Foreign Investment Promotion Agency (FIPA), this included portfolio investment estimated at TND 136.4 million (compared with TND 5.6 million at the end of September 2022) and foreign direct investment -FDI โ€“ estimated at TND 1,725.7 million (compared with TND 1,641 million in September 2022).

In terms of FDI, investments in the energy and services sectors fell by 7% to TND 351 million and 6.5% to TND 351.6 million, respectively, while investments in the manufacturing sector increased by 15.4% to TND 1,016.5 million, and those directed to agricultural activity grew by 10% to TND 6.6 million.

The FIPA also noted that, in addition to the energy sector, international investments allowed the execution of 505 investment operations worth TND 1. 374.7 million, which favored the creation of 9,406 direct jobs.

It also noted a regional disparity in the geographical distribution of investments, as the governorates of Greater Tunis accounted for 51% of these international investments, while the North-East zone received 25.6% of the investments.

France remains the largest investor in Tunisia, with a budget of TND 444.8 million, followed by Qatar (TND 282.2 million), Italy (TND 184.9 million) and Germany (TND 120.4 million), according to the same source.

Source: Africanmanager