FDI up 1.8% to 967.8 MD at end June 2017 | Tunisia News Gazette

FDI up 1.8% to 967.8 MD at end June 2017

Foreign Direct Investment (FDI) rose 1.8% in the first half of 2017 to 967.8 million dinars (MD) compared to 950.8 MD, during the same period last year, said President of the Tunisian Investment Authority (French: ITI), Khalil Laabidi.

He added that this volume of investment is spread over direct investment to the tune of 944.8 MD and investment portfolio investments (23 MD).

Speaking at a press conference held at the Kasbah Government Palace on Tuesday, Laabidi added that direct investment has been dedicated mainly to the energy sector (495.1 MD) and to industry (371.5 million), and at a lower level for services (75.7 MD) and agriculture (2.5 MD).

“This positive trend of FDI to Tunisia reflects the rebound in confidence in our country as an investment site,” he said.

President of ITI noted that foreign investment will reach 2,500 MD by the end of this year and will amount to about 3,000 MD by the end of 2018.

“In the first six months of 2017, there were 283 investment transactions with an overall value of 449.8 MD. They will allow the creation of 3,726 new jobs”, he noted, adding that these operations were spread over 17 new creations worth 101 MD and 266 extension operations valued at 348.3 MD.

Source: TAP News Agency

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