Tunisia: 169.8 MD of Private Agricultural Investments Approved in First 5 Months of 2021 - +83 Percent

Tunis/Tunisia — Private agricultural investments approved by the Agency for the Promotion of Agricultural Investment (APIA) rose by 83% in value, to 169.8 million dinars (MD) between 2020 and 2021 (first 5 months).

These investments will help create 1,390 permanent jobs and received a total subsidy of 52.4 MD, accounting for 30.9% of the approved investment volume.

Investments in arboriculture were up 151% to 43.3 MD, while those approved for young entrepreneurs and women were up 33% and 68%, respectively.

Approved investments in the coastal fishing activity reached 5 MD compared to 3 MD during the same period of 2020.

Investments in the agricultural services sector edged up 129%, mainly involving the activities of refrigerated transport, milk collection, well drilling services and water prospecting.

On the other hand, investments in the aquaculture sector fell, with just 3 approved operations worth 0.7 MD related to breeding in floating cages in the governorate of Monastir.

The same downward trend is reported in the primary processing sector, as investments dropped by 72%, involving the approval of only 9 operations worth 5 MD.

According to APIA, the development of investments in renewable energy has continued in recent years, with 62 approved investment operations including photovoltaic components worth 13.1 MD.

They will benefit from the renewable energy premium worth 4 MD.

During the first five months of 2021, 2,899 investment operations worth 554.8 MD were reported (+43% in terms of value).

More From: Tunis Afrique Presse

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