SME support fund to start by late April (Industry Minister) | Tunisia News Gazette

SME support fund to start by late April (Industry Minister)

Minister of Industry and Small and Medium-Sized Enterprises (SMEs) Slim Feriani, announced that the support fund for SMEs will start late April, with a budget of 400 million dinars, which will help nearly 600 SMEs over three years.

He said in a statement to TAP, during a working visit on Monday morning in the governorate of Kairouan, that the objective of this fund is not only to encourage new projects but also to preserve small and medium-sized businesses that go through financial difficulties. It also aims to give the latter, a second chance through different modes of financing like the crowdfunding for the reinforcement of the capital.

He said that his visit to the governorate of Kairouan is part of the follow-up of the construction work of the Sebikha 2 industrial zone, the achievement of which was announced by the Prime Minister during his visit to Kairouan in November 2017. The Minister said that this industrial zone will change the economic landscape of the region particularly in the area of job creation for a specialised and non-specialized workforce.

During his visit, he learned about a number of industrial units being set up in the Sebikha area for an investment amount exceeding 34 MD, to generate 245 jobs. These companies are active in the fields of the pharmaceutical industry, the manufacture of electrical and solar panels, the extraction of oils from plants and the production of asphalt. In Hajeb Laayoun, Feriani inaugurated a mineral water conditioning unit.

The Sebikha 2 industrial zone covers an area of 100 ha. The cost of its achievement amounts to 46 MD. The tender for the development of the zone was launched on April 6, 2018 and the construction work will have to start in September 2018.

Source: TAP News Agency

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