Reported investments slightly down (TIA)

The volume of reported investments in all sectors reached TND 4.5 billion during the first 9 months of 2023, slightly down by 5.1%, compared with the same period in 2022, data published by the Tunisian Investment Authority (TIA) show.

These investments helped generate 63,967 jobs, up 3.8% compared to the same period in 2022.

The volume of investments generated by start-up operations was much higher than that of expansion operations, reaching TND 3.5 billion (80% of all approved investments), which is a positive sign.

These investments helped create 4,946 jobs, accounting for 77% of all generated jobs.

As for the sectoral breakdown, the industrial sector took the lion’s share, accounting for 55% (TND 2.5 billion) and played a key role in generating jobs, contributing by 53%.

The agricultural sector comes second with a an investment voulume of TND 1 billion and 2,188 new jobs, followed by services (TND 761 million) and renewable energy (TND 120 million).

In terms of geographical distribution, the TIA rep
orted an increase in approved investments in regional development zones of nearly TND 2 billion (45% of all reported investments).

These figures testify to the commitment to a balanced and sustainable economic growth, aimed at encouraging development in the country’s strategic regions.

The reported investments in the 1st nine months of 2023 also testify to a balanced distribution across all the governorates and a geographic diversification.

Sfax ranks first with a 9.1% share, i.e. TND 413 million.

Source: Agence Tunis Afrique Presse