Foreign Investment Up 15.8% in the First 10 Months of 2013

Foreign investments reached 1,667.5 million dinars (MD) in the first 10 months of the year, a 15.8% increase, according to the latest statistics published by the Foreign Investment Promotion Agency (FIPA) and reported by TAP. This represents a 20.9% increase compared to the same period in 2011.
Foreign Direct Investment (FDI) amounted to 1,544 MD (+13% compared to 2012 and +18.5% compared to 2011), while portfolio investments reached 123.5 MD (+66.2% compared to 2012 and +62.3% compared to 2011).

Regarding the sector breakdown of FDI, the results recorded at the end of October 2013 show that the energy and manufacturing sectors attracted the most investment, with 930 MD (+21.6% and +9.4% respectively compared to 2012 and 2011) and 410.9 MD (+2.5% and +40.3% respectively compared to 2012 and 2011). The latter generated the creation of 5,390 jobs.
The agriculture sector recorded an investment of 9.9 MD, an increase of 115.8% and 331.6% compared to 2012 and 2011 respectively.

These new investments generated the creation of 213 new businesses, 361 expansion projects, and 6,180 jobs.

I.N (From press release)

Businessnews.com.tn

Published December 9, 2013.

Posted online December 16, 2013.