The latest indicators issued by the Tunisian Investment Authority showed that the negative trend continues to haunt the business sector in light of the prevailing economic climate, which has been affected by several factors, including the global health crisis.
According to the authority, investments in projects whose cost exceeds 15 million dinars ($5.2 million) declined by 20% to about 1.6 billion dinars ($560 million) during the first eleven months of this year on an annual basis. This decline in the flow of foreign capital reveals that the authorities have many tasks awaiting completion in order to restore the momentum of the fluctuating business climate.
The authority revealed a decrease in the number of job opportunities by about 15% compared to February 2020, and by 23% compared to the same period in 2019. During the first half of this year, the value of foreign investments in Tunisia declined by 7.4 percent to $328.64 million, compared to more than $350 million in an annual comparison. Foreign investments witnessed a sharp decline during the first quarter of this year, reaching a level of 31.6 percent, due to the effects of the pandemic and the stagnation of international investments in the world.
Source (Al-Arab London Newspaper, Edited)
