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Foreign investments in Tunisia increased by 13.6 % in 9 months

November 1, 2017 at 2:51 am

Tunisian flag is raised up to the highest flagpole in Tunis, Tunisia [Amine Landoulsi/Anadolu Agency]

On Tuesday, the Foreign Investment Promotion Agency announced that foreign investments in the country have increased by 13.6 per cent on a yearly basis, during the first nine months of 2017.

This came during the Agency’s press conference in the capital Tunis to present the sixth edition of the Tunisia Investment Forum 2017, which will be held on 9 and 10 November in the presence of 1200 economists and political officials from around the world.

Khalil Al-Abidi, Director General of the Agency, told Anadolu News Agency that “foreign investment in Tunisia has increased by 13.6 per cent. Foreign investment reached 41 per cent in the industrial sector, 30 per cent in the agricultural sector and declined by 9.1 percent in the oil sector.”

The Tunisian official did not mention the value of the foreign investments entering the country during the first nine months of 2017.

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The upcoming forum will look into Tunisia’s economic prospects for 2020, its economic status at the global and African levels, social responsibility of corporations and local development,” according to the Agency’s statement that is released today.

Al-Abidi added that “economic delegations from Italy, Britain, France and Turkey will participate in the forum and joint meetings will be held between foreign and Tunisian investors.”

Tunisia hosted an international investment forum in November 2016, in which it recorded pledges worth 34 billion dinars ($13.6bn) in forms of investments, loans and projects, according to official figures.

The flow of direct foreign investments has decreased by 9 per cent last year and reached $938mn compared to $1.03bn in 2015.