Day: November 22, 2019

Japan’s industrial giant Sumitomo Group will launch next year in Tunisia a plant where it will produce cable harnesses for automobile companies in Europe. The plant to be located in Monastir industrial park (NEOPARK), will be erected by Sumitomo Electric Wiring Systems Europe (SEWS-E), the Japanese group’s European subsidiary. The future plant will require investment put at around €14.5 million at onset and €21 million upon completion. Planned to start next year, the plant will generate 2,000 jobs for the beginning and 5,000 when production goes into full swing. In…

The Irrigated Agriculture Intensification Project in Tunisia, co-financed by the World Bank to the tune of US$140m, officially kicked off last week in Gammarth, a northern suburb of Tunis. The project, costing a total of US$150m, aims to support Tunisia’s efforts to develop irrigated agriculture, targeting the regions of Beja, Bizerte, Jendouba, Nabeul, Sfax and Siliana, according to a TAP report. The project aims to improve the management of limited water resources and create economic opportunities, in underdeveloped areas, according to the World Bank. Activities will reportedly focus on the…