(MENAFN- Emirates News Agency (WAM))
TUNIS, 22nd April, 2017 (WAM) -- In the first quarter of 2017, Foreign Direct Investment (FDI) in Tunisia registered a growth of 16.6 percent.
Director of Assistance and Monitoring of Foreign Companies within the Foreign Investment Promotion Agency (FIPA) Hatem Soussi told Tunisian news agency (TAP) that foreign investment reached 462 million dinars (MD), compared to 396.2 MD during the same period last year.
The official said investments in the financial portfolio fell by 21.6 percent compared to last year. He added that this kind of investment will increase during the next period, particularly after the entry into force of the Investment Law (April 1, 2017).
Regarding FDI, the official said that they increased by 18 percent from 381.9MD to 450.8 MD.
FDI in the energy sector accounted for the largest share of investment volume reaching 246.9MD (a decline of 3.6 percent compared to the same period last year).
Regarding FDI in the industrial sector, the official pointed out that they reached 144.6 MD (an increase of 63.3 percent compared to the results recorded in 2016). The first quarter of this year saw the entry of 7 foreign companies in the production phase.
External investment in the services sector reached 59.3 MD, compared to 37.3 MD in the same period of 2016.
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