Tunisia Attracts Foreign Investments Worth USD711m

      Published on Sunday, 28 October , 2018      311 Views     
Tunisia Attracts Foreign Investments Worth USD711m

  • World News

The Foreign Investment Promotion Agency has revealed an increase in foreign investment of 14.6 percent during the first nine months of the current year, estimating these investments at around USD711 million and affirming that most of the economic activities recorded a development in foreign investments in Tunisia.



The energy sector acquired the lion’s share of investments with a progress of 11.3 percent, as for the services sector it maintained a development pattern during the same period.

These foreign investments provided a minimum of 7,588 job opportunities and addressed around 63 new economic projects in addition to 392 expansions of economic projects. Italy, France, Qatar, Germany, and the UK are among the top investing parties in Tunisia.

Director General of Foreign Investment Promotion Agency of Tunisia Khalil Al-Obeidi stated that the confidence of investors and huge financial institutions has returned to the Tunisian market.

This explains the significant increase witnessed by the investment volume from one year to another.

Obeidi added that the incentives provided by Tunisia to local and foreign investors justify the movement in investment categories.

Mazarine Energy, a Netherlands based subsurface driven oil & gas E&P company, affirmed intention to develop economic investments in Tunisia. It added that it invested around USD50 million in the fuels sector and produced 1,400 barrels of crude oil daily.



The Eurobond operation launched by Tunisia was closed on Wednesday for an overall amount of EUR500 million intended to finance the country’s budget needs in 2018. The operation has attracted the interest of nearly 120 bidding financial institutions of which the offers reached EUR1.2 billion. With a maturity of five years, the issue was closed at an interest rate of 6.75%.

Keywords:
Category World News | 2018/10/28 latest update at 11:08 PM
Source : AAWSAT | Photocredit : Google
312 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Oman Today would like to give all of its readers from Oman and Gulf and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Oman Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Oman, the Gulf and the world.


His Majesty pardons more than 200 prisoners in Oman Gulf TV,Oman

His Majesty pardons more than 200 prisoners in Oman

His Majesty Sultan Qaboos Bin Said, the Supreme Commander of the Armed Forces, has pardoned 272 prisoners on…

Oman thanks His Majesty on Renaissance Day Gulf TV,Oman

Oman thanks His Majesty on Renaissance Day

Oman thanks His Majesty on the occasion of Renaissance Day Citizens, sportspersons and leading diplomats in Oman have…

Britain and Oman: Will their growing special relationship survive succession? Sultan

Britain and Oman: Will their growing special relationship survive succession?

Sixty years ago, Britain won a long-forgotten war in Oman, setting the special relationship between the two countries that is…

His Majesty the Sultan gives audience to US Secretary of State Mike Pompeo Sultan

His Majesty the Sultan gives audience to US Secretary of State Mike Pompeo

His Majesty Sultan Qaboos bin Said granted an audience to Mike Pompeo, Secretary of State of the United…

GULF TV

Popular in GULF TV

More Than 10 Incredible Facts About Oman

1102 Views

Oman is a country on the Arabian Peninsula. Oman’s official religion is Islam. The coast is formed by…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government