TIA: 6 projects declared for 1377.3 MDT at end of March 2022

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Six projects have been declared to the Tunisian Investment Authority (TIA), during the first quarter of 2022, for a cumulative investment budget of 1377.3 MDT, allowing the creation of 1083 jobs.

According to the TIA, the growth in the volume of investment is explained by the implementation of a cement factory project for a substantial investment cost of 950 million dinars, in March 2022.

The declared investment projects cover operations of creation, extension distributed as follows

3 creation projects (50%) with an investment cost of 1065.3 MD and 502 jobs to be created.

3 extension projects (50%) with an investment cost of 312 MD and 581 jobs to be created.

According to the same source, the volume of investments, during the first quarter of 2022 has experienced a significant increase of (439%) at the level of the industrial sector compared to the same period of 2021.

The six investment projects declared during the first quarter of 2022 cover 6 governorates, 33% of the declared projects are located in the regional development areas with a budget of 1020 MD or 74% of the total investments declared. They generated the creation of 336 jobs, i.e. 31% of the total number of jobs to be created.

Among also the investment projects declared to the TIA during the 1st quarter of 2022, 5 projects including foreign participation for an investment cost of 1307.3MDT that is 95% of the declared investments. These projects have generated 1047 jobs.

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