Tunisia, an attractive industrial destination
27 November 2008
Read by 1749 persons
Since its launch in 1995, the industrial upgrading program quickly helped Tunisian companies through restructuring, and also by encouraging SMEs to strengthen their position in domestic and foreign markets to meet the major challenges of this phase, including adapting to new technologies, human resource development, and promoting quality and new information and communication technologies (ICTs).
By the end of 2009, the Tunisian industrial sector had mobilized 5.3 billion dinars in investments with 3000 beneficiary companies throughout Tunisia. Encompassing the entire industrial fabric of the country, these investments included 4.61 billion dinars (MD) in material investments such as the promotion of national industrial infrastructure and 745 MD for all intangible assets, according to the Foreign Investment Promotion Agency (FIPA).
Indeed, the industrial upgrading program has been a great contribution given its positive impacts on the national industrial fabric, especially since it helped strengthen the competitiveness of Tunisian production, especially among SMEs.
Furthermore, this program has concretely served Tunisian industrial exports, which have quadrupled in volume over the last 13 years, promoting job creation between 1995 and 2008, increasing from 236,000 jobs to 488,000 jobs, with exports reaching 18.7 MD compared to 4.5 MD... indicators that have made Tunisia the leading Mediterranean exporter to the European Union.
At the dawn of 2010, Tunisia is working to implement a strategic plan aimed at promoting Tunisia as an industrial and technological destination on a Mediterranean scale. To this end, a strategic study on Tunisian industry up to 2016 aims to double the value of exports to reach 16.6 billion euros and foreign direct investment (FDI) to 1.65 billion dollars.
In this context, the competent parties launched an international promotion campaign for Tunisian industry in France, Germany, Italy, Great Britain, and Spain from April 29, 2009, to highlight the benefits of partnership between the two shores (south and north) of the Mediterranean.
This campaign also aims to strengthen the Tunisian industrial strategy by stimulating foreign investment in high-value-added, innovative, and promising sectors such as electronics, automotive, electrical, aeronautical industries, and ICTs, because of their positive effects on employment and export promotion.
In line with the ambitions of the presidential program for the next five years (2009-2014), 2010 will see the completion of the first phase of the project to build a number of technological complexes and hubs, in order to promote the business climate and strengthen the technological capacities of the national economy, and encourage the establishment of multinationals in Tunisia through specific projects, especially in light of the repercussions of the global crisis on some global companies.
A study conducted by "Ernest and Young," a global specialist in the field of mechanical and electrical industries, has revealed that Tunisia, with its qualified and specialized skills and modern logistics, remains a focal point in the Mediterranean region.
The study reassures foreign investors, particularly European ones, while inviting them to take advantage of the economic and business potential offered by Tunisia's position, which, according to the study, constitutes an appropriate environment to overcome the shockwave of the global crisis.
Despite the mitigation of the effects of this crisis throughout 2009, through a vigilant economic strategy, the Tunisian economy should face some challenges in the next phase, notably the promotion of employment among university graduates, which recommends economic growth above 6%, as well as maintaining foreign investment flows.
Tunisia has successfully reduced its public and classified debt, recently highlighted by the Managing Director of the International Monetary Fund (IMF).
Furthermore, the country has seen an increase in foreign direct investment (FDI), with 1899.5 million dinars during the first 11 months of 2009.
The forecasts for 2010 are mainly focused on promoting investments to reach a contribution of 26.5% of GDP, compared to 25.9% in 2009.
Published on January 5, 2010
Posted online on January 5, 2010
infotunisie.com
By the end of 2009, the Tunisian industrial sector had mobilized 5.3 billion dinars in investments with 3000 beneficiary companies throughout Tunisia. Encompassing the entire industrial fabric of the country, these investments included 4.61 billion dinars (MD) in material investments such as the promotion of national industrial infrastructure and 745 MD for all intangible assets, according to the Foreign Investment Promotion Agency (FIPA).
Indeed, the industrial upgrading program has been a great contribution given its positive impacts on the national industrial fabric, especially since it helped strengthen the competitiveness of Tunisian production, especially among SMEs.
Furthermore, this program has concretely served Tunisian industrial exports, which have quadrupled in volume over the last 13 years, promoting job creation between 1995 and 2008, increasing from 236,000 jobs to 488,000 jobs, with exports reaching 18.7 MD compared to 4.5 MD... indicators that have made Tunisia the leading Mediterranean exporter to the European Union.
At the dawn of 2010, Tunisia is working to implement a strategic plan aimed at promoting Tunisia as an industrial and technological destination on a Mediterranean scale. To this end, a strategic study on Tunisian industry up to 2016 aims to double the value of exports to reach 16.6 billion euros and foreign direct investment (FDI) to 1.65 billion dollars.
In this context, the competent parties launched an international promotion campaign for Tunisian industry in France, Germany, Italy, Great Britain, and Spain from April 29, 2009, to highlight the benefits of partnership between the two shores (south and north) of the Mediterranean.
This campaign also aims to strengthen the Tunisian industrial strategy by stimulating foreign investment in high-value-added, innovative, and promising sectors such as electronics, automotive, electrical, aeronautical industries, and ICTs, because of their positive effects on employment and export promotion.
In line with the ambitions of the presidential program for the next five years (2009-2014), 2010 will see the completion of the first phase of the project to build a number of technological complexes and hubs, in order to promote the business climate and strengthen the technological capacities of the national economy, and encourage the establishment of multinationals in Tunisia through specific projects, especially in light of the repercussions of the global crisis on some global companies.
A study conducted by "Ernest and Young," a global specialist in the field of mechanical and electrical industries, has revealed that Tunisia, with its qualified and specialized skills and modern logistics, remains a focal point in the Mediterranean region.
The study reassures foreign investors, particularly European ones, while inviting them to take advantage of the economic and business potential offered by Tunisia's position, which, according to the study, constitutes an appropriate environment to overcome the shockwave of the global crisis.
Despite the mitigation of the effects of this crisis throughout 2009, through a vigilant economic strategy, the Tunisian economy should face some challenges in the next phase, notably the promotion of employment among university graduates, which recommends economic growth above 6%, as well as maintaining foreign investment flows.
Tunisia has successfully reduced its public and classified debt, recently highlighted by the Managing Director of the International Monetary Fund (IMF).
Furthermore, the country has seen an increase in foreign direct investment (FDI), with 1899.5 million dinars during the first 11 months of 2009.
The forecasts for 2010 are mainly focused on promoting investments to reach a contribution of 26.5% of GDP, compared to 25.9% in 2009.
Published on January 5, 2010
Posted online on January 5, 2010
infotunisie.com
