Tunisia Attracts Foreign Investments Worth USD711m

      Published on Sunday, 28 October , 2018      11 Views      Comments Add Comment
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%.

Category World News | 2018/10/28 latest update at 11:08 PM
Source : AAWSAT | Photocredit : Google
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