26 July 2012

Tunisia: Value of Reported Industrial Projects Down 3.3 Percent in H1 -APII

Tunis — Industrial investments reported as part of project creation reached 1.173.4 million Tunisian Dinars (MTD), in the first half of 2012 while extension and renewal projects reached 577.3 MTD, said the Agency for Promotion of Industry and Innovation (APII).

In all, the value of reported projects in industry reached 1.750.7 MTD against 1.810 MTD recorded in the first half of 2011, i.e. down 3.3%.

In its June 2012 newsletter, APII said despite a 4.4% increase in the value of reported project creations in the first half of 2012, with 1.609 projects created against 1.460 in 2011, jobs generated fell 9.4%, reaching 29.255 positions, against 32.306 in the first half of 2011.

The number of projects that benefitted of the state's participation and the investment premium (19.1 MTD) under new promoters and SMEs rose from 69 (with investment of 70.9 MTD) to 84 projects (103.2 MTD) in the first half of 2012.

Regarding extension and renewal projects and others, their number reached 637 projects (against 551 reported projects in 2011), i.e. up 15.6% while their value declined from 686.5 MTD in 2011 to 577.3 MTD in 2012.

In contrast, relevant jobs fell 26.4%, reaching 9.499 jobs against 12.898 in the first half of 2011. According to indicators identified by APII, reported investment in totally exporting industries fell faster than those of local market-oriented industries.

These declines recorded in the first half of 2012 were of 6.3% (from 700.8 MTD in 2011 to 656.5 MTD) and 1.4% (from 1.109.6 MTD in 2011 to 1.094.2 MTD), respectively. The most consistent investment volumes reported per region have been in Gabes (236.6 MTD), Zaghouan (212.5 MTD) and Ben Arous (138.1 MTD).

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