The Tunisian Foreign Investment Promotion Agency (a government agency) revealed that foreign investments in Tunisia declined by no less than 28.8% during the year 2020, compared to the results recorded during 2019.
According to the agency, foreign investments amounted to 1.8 billion Tunisian dinars (about $652 million), which is a weak percentage compared to previous years. Tunisia recorded a decline in incoming foreign investments from $845 million in 2019, to $652 million during the past year, affected by the fluctuation of economic performance as a whole as a result of the pandemic, which caused a sharp drop in the level of external demand and a decline in various economic activities.
Regarding the attractiveness of the economic sectors to foreign investment, the manufacturing sector in Tunisia still accounts for the most foreign direct investment with 54 percent, followed by the energy sector with 33 percent. While the rate of decline in the services sector amounted to 44%, and it is closely related to the tourism sector, whose outcome was very weak; This made the share of services in the total FDI inflows to Tunisia not more than 9 percent during the past year.
Source (Al-Sharq al-Awsat Newspaper, Edited)
