Foreign investment in Tunisia grows 2.2 pct in first 5 months

Foreign investment in Tunisia grew 2.2 percent to 0.82 billion dinars (0.33 U.S. dollars) in the first five months, Foreign Investment Promotion Agency (FIPA) of Tunisia said Thursday.

During the same period of last year, foreign investment was 0.80 billion dinars, said Hatem Soussi, director of the monitoring and support unit of FIPA.

According to him, 18.8 million dinars was portfolio investment, a drop of 29.6 percent, while the rest was foreign direct investment, an increase of 3.3 percent.

The energy sector, which accounts for 50 percent of total investment, attracts the lion share of the foreign investment, with 0.41 billion dinars until May, a slight decline of 2.3 percent compared to the same period of 2016.

“Foreign investment in the industrial sector recorded an increase of 11.8 percent, reaching 0.31 billion dinars,” Soussi said.

The agricultural sector registers the most negative index for foreign investment, a drop of 30.6 percent, he added.


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