Reported investments in industry surged 25.6% at the end of July 2023 compared to the same period in 2022, totalling TND 1,487.7 million, the Agency for the Promotion of Industry and Innovation (French: APII) said in its

Bulletin of Euro-Mediterranean Economic situationfor July.

The number of reported projects grew 7.3% to 1,814 at the end of July. These are expected to generate 25,424 jobs.

Sectors which saw reported investments post an upward trend from January 1 to July 31 include agri-food industries (+6.9%), construction materials, ceramics, and glass industries (+231.3%), chemical industries (+125.8%), textile and clothing industries (+93%), and various industries (+11%).

APII figures show 55% of reported investments in the first seven months of 2023 were carried out as part of new projects. They edged up 40.9% to TND 815.7 million.

Investments reported as part of extension and equipment renewal projects amounted to TND 671.9 million. The number of such projects rose 10.9% and the number of related job opportunities reached 10,725.

Reported investments in totally exporting industries grew 21% at the end of July, reaching 628.2 MD.

Domestic market oriented industries reported higher investments (+29.1%), attaining TND 859.5 million during the seven first months of the year.

Totally foreign or partnership-based industrial investments fell from TND 452.1 million in the first seven months of 2022 to TND 331.2 million in the same period of 2023.

Consequently, the number of projects under this type of investment posted a 13.4% rise.

Reported investments in development areas rose 36.8% to TND 699.5 million.

Source: Agence Tunis Afrique Presse