The 21st Tunisia Investment Forum (TIF) started on Wednesday afternoon in Gammarth (a northern suburb of Tunis), with over 800 Tunisian and foreign investors representing some thirty countries participating, TAP reports.
The two-day forum on “Tunisia, where sustainability rhymes with opportunity”, is organised by the Foreign Investment Promotion Agency (FIPA Tunisia) in partnership with the European Union (EU). This edition will highlight the innovation and sustainable investment potential of the Tunisian economy. It will focus on four high-added-value sectors: automotive components, pharmaceuticals, renewable energies, start-ups and the diaspora.
The 2024 edition of the TIF will be an opportunity to present the reforms implemented and in preparation by the Tunisian government to revitalise the national economy, stimulate investment and improve the business climate as part of the national reform programme.
It will also highlight the competitive advantages provided by Tunisia as a destination and strategic platform for investment and win-win partnerships, particularly in growth sectors with high added value, the same source adds.
According to the organisers, this new edition will be an opportunity to reiterate the relevance, vitality and depth of Tunisia’s partnership with the EU, its Member States, their technical and financial cooperation agencies and the EIB and EBRD multilateral development banks.
During the first quarter of 2024, foreign direct investment in Tunisia increased by 18%. They amounted to 517.4 million dinars compared with 438.3 million dinars in the same period of the previous year, an increase of 45.3% compared with 2022 and 49.8% compared with 2021, says the same source.
The sectoral breakdown of FDI shows an increase in the value of investments in the manufacturing sector to TND 250.5 million at the end of March 2024, compared with TND 234.6 million in 2023, an increase of 6.8%.
The services sector attracted investments worth TND 84.5 million, compared with TND 52.8 million in 2023, an increase of 60.1%. The agricultural sector recorded a remarkable growth of 905.8%, rising from TND 0.49 million at the end of March 2023 to TND 4.9 million at the end of March 2024, compared to TND 234.6 million in 2023, up 6.8%.
During this period, the energy sector took the lion’s share, reaching TND 176.9 million compared with TND 116.9 million in 2023, an increase of 51.3%.
The services sector attracted investments worth TND 84.5 million, compared with TND 52.8 million in 2023, an increase of 60.1%. The agricultural sector recorded a remarkable growth of 905.8%, rising from TND 0.49 million at the end of March 2023 to TND 4.9 million at the end of March 2024.
TunisianMonitorOnline (NejiMed)
