São Paulo – Reported investments to the Tunisian Investment Authority (TIA) were up 14.9% to TND 1,8 billion (USD 570 million) in the first quarter of 2024, compared with the same period in 2023, TAP state news agency reported on Tuesday.
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Investments from start-up operations clearly outnumbered those from extension projects, reaching TND 1,6 billion, or 85% of all reported investments. The industrial sector continues to lead the way in terms of investment intentions. A detailed analysis of investment intentions in the industrial sector shows that the agro-food industries come in first place, followed by the mechanical and electrical industries.
Investments in Tunisia also involved foreign participation
Q1’s investments will help create 23,736 jobs in various economic sectors, down slightly by 5.7%. The number of jobs to be created through start-up operations totaled 20,394.
Among the reported investments in Q1 2024, 26% involve foreign participation, with an investment volume of TND 463 million.
Find out more about TIA.
Translated by Guilherme Miranda
