24.5% Drop in Foreign Investment in Tunisia
23 May 2011
Read by 1479 persons
Tunisia - Foreign direct investment in Tunisia fell by 24.5 percent during the first four months of this year, reaching 448.8 million dinars compared to 594 million dinars during the same period in 2010.
According to statistics published Wednesday by the Tunisian Agency for the Promotion of Foreign Investment, this investment is divided between 426.8 million dinars in foreign direct investment (compared to 569.3 million dinars in 2010) and 21.6 million dinars in portfolio investments (compared to 24.7 million dinars in 2010).
These statistics show that the energy sector attracted 260 million dinars, while manufacturing industries attracted 101.1 million dinars in investment.
Investments in the service sector increased by 6.1 percent to $62.7 million.
Foreign direct investment in manufacturing industries was estimated at 101.1 million dinars during the first quarter of this year, compared to 133.5 million dinars during the same period in 2010, a decrease of 24.3 percent.
Foreign direct investment was concentrated in manufacturing industries, particularly the mechanical, electrical, and textile sectors. In the mechanical, electrical, and electronics industries, 33 new projects were created thanks to 37 million dinars in credits, creating 1,181 jobs.
The textile and clothing industry saw the creation of 22 new projects, providing 1,034 jobs.
The chemical industry sector saw a 102 percent increase, rising from 16.8 million dinars in 2010 to 34 million dinars in 2011.
According to statistics from the Foreign Investment Promotion Agency, the first four months of 2011 were characterized by the creation of 36 new foreign-participating companies and the completion of 65 expansion operations by foreign institutions established in Tunisia as part of the development of their activities and the creation of 2,983 new jobs, including 2,681 in manufacturing industries.
Published May 20, 2011
Posted online May 23, 2011
afriquejet.com
According to statistics published Wednesday by the Tunisian Agency for the Promotion of Foreign Investment, this investment is divided between 426.8 million dinars in foreign direct investment (compared to 569.3 million dinars in 2010) and 21.6 million dinars in portfolio investments (compared to 24.7 million dinars in 2010).
These statistics show that the energy sector attracted 260 million dinars, while manufacturing industries attracted 101.1 million dinars in investment.
Investments in the service sector increased by 6.1 percent to $62.7 million.
Foreign direct investment in manufacturing industries was estimated at 101.1 million dinars during the first quarter of this year, compared to 133.5 million dinars during the same period in 2010, a decrease of 24.3 percent.
Foreign direct investment was concentrated in manufacturing industries, particularly the mechanical, electrical, and textile sectors. In the mechanical, electrical, and electronics industries, 33 new projects were created thanks to 37 million dinars in credits, creating 1,181 jobs.
The textile and clothing industry saw the creation of 22 new projects, providing 1,034 jobs.
The chemical industry sector saw a 102 percent increase, rising from 16.8 million dinars in 2010 to 34 million dinars in 2011.
According to statistics from the Foreign Investment Promotion Agency, the first four months of 2011 were characterized by the creation of 36 new foreign-participating companies and the completion of 65 expansion operations by foreign institutions established in Tunisia as part of the development of their activities and the creation of 2,983 new jobs, including 2,681 in manufacturing industries.
Published May 20, 2011
Posted online May 23, 2011
afriquejet.com
