Approved private agricultural investments reached 259.1 million dinars until end of July 2021 for 1,802 investment operations, up 25.1% in number and 38.3% in value, compared to the same period of 2020, according to the latest statistics of the Agricultural Investment Promotion Agency (French: APIA).

Yet, private agricultural investments recorded a drop of 30.9% in number and 33.4% in value, compared to the 2016-2020 development plan. They will generate 2,012 permanent jobs, compared to 1,575 during the same period in 2020.

Approved investments by sector

By activities, approved investments in the agricultural sector went up 77% compared to late July 2020, recording an amount of 199.5 million dinars.

As for the sector of agricultural services, investments accounted for 27.2 million dinars, posting an increase of 11% compared to late July of the previous year.

Regarding first processing, investments reached 17 million dinars, down 7% compared to last year.

Investments in the fishing sector reached 14.4 million dinars during the first 7 months of 2021, against 11.9 million dinars during the same period of the past year.

As far as aquaculture is concerned, investments amounted to 874 million dinars against 3463 million dinars. Approved investments benefited from subsidies amounting to 78.2 MD, which represents 30.2% of the volume of investment approved against 58.1 MD during the same period of 2020.

The subsidy for the purchase of agricultural equipment amounted to 31.5 MD, which represents 40.3% of the total approved subsidies. The purchase of 766 agricultural tractors, worth 60.8 MD, was approved, against 619 tractors, worth 48.0 MD, during the same period in 2020.

Source: TAP News Agency