(TAP) – The foreign investments flow reached 1,423.2 million dinars (MTD) in the first nine months of 2016, that is down by 19.4% compared to the same period in 2015 (1,765.6 MTD), with a drop by 49.1% in services, according to the statistics published by the Foreign Investment Promotion Agency (FIPA).
These investments are share out between 1,379 MTD of foreign direct investments (FDI) (-2.1% compared to 2015) and 44,2 MTD of investments in portfolio (-87.6% compared to 2015).
It appears from the analysis of the sector distribution of FDI that the energy sector accounts for over the half of these investments (780 MTD), representing a rise of 6.8% compared with 2015, followed by the industry sector (473,7 MTD) up by 7.1% compared to last year.
Investments reserved to the sector of services reached 115,6 MTD at the end of September 2016, down by 49.1% compared with 2015. As Investments in the agricultural sector edged up by 9.3%, to 9,7 MTD, compared to 2015.
After a slight improvement in 2015, the foreign investments followed a continuous downward trend, due notably to the political and social instability in the country and the delay in the adoption of the new investment code (last September).