Tunisia FDI soars 44.9% in first half of 2012

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A 20 Tunisian dinar banknote. Photo – dearbarbie/Flickr

Tunisia’s Foreign Direct Investment (FDI) increased by 44.9% between 2011 and 2012 rising by 1064.2 million Tunisian dinars ($655.90m) during the first half of 2012, Tunisian state news agency reported.

Riadh Bettaieb, Minister of Investment and International Co-operation said in Tunis that 71 new firms including 40 industrial units started production with some 120 extension operations of enterprises also achieved during the same time. He claimed that 6,750 jobs were created during the period.

He added that the government has identified a strategy which mainly aims to re-establish trust among the investors, and relaunch the economic activity by means of introducing several structural and legislative reforms.

Bettaieb insisted that his ministry is striving to make the most of other resources and investment opportunities and exchanges, notably with the emerging Asian economies like China and Malaysia; Gulf Cooperation Council countries like Qatar, Saudi Arabia, the United Arab Emirates, along with Turkey and the Scandinavian countries.

“This new orientation is made at the expense of the co-operation with Tunisia’s first partner, the European Union (EU), with which the meetings and the negotiations on the development of economic, financial and technical co-operation are intensified,” he said.

European Union recently granted Tunisia a donation €30 million, totalling its second half of 2012 donations around 68 million euros.

Tunisia is relying on a total of 2.774 billion Tunisian dinars ($1.709bn) worth of financial resources to be mobilised in 2012 to support the state budget.

In another development, the Tunisian minister said that the number of Tunisians hired abroad as part of the technical cooperation by late June 2012 reached 1,068 persons.

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