Value of approved private agricultural investments in Tunisia up 10.3%

Tunisia – The value of approved private agricultural investments increased by 10.3% to 636.2 million dinars (MD) in 2022, against 576.9 MD during the same period of 2021, according to statistics published Thursday by the Agricultural Investment Promotion Agency (APIA).

These approved investments benefited from subsidies amounting to 166.3 MD.

In number, the investment operations are down by 4%, the APIA has recorded 3360 investment operations in 2022, against 3499 investment operations, in 2021.

In addition, the investments approved in 2022 will create fewer permanent jobs (3541) than in 2021 (4288).

These investments are distributed between the fields of poultry (84.7 MD), fruit trees (166.4 MD) which represent 44.1% of the total investments, seine fishing (30.4 MD), aquaculture (6%), tuna fattening (7.1 MD), milk collection services (14.4 MD), and oil mills (69.3 MD).

The investments approved for young people have recorded a stagnation while those for women promoters have evolved by 20.4%. The investments with foreign participation dropped to 4.6 MD, against 20.6 MD in 2021.

On the other hand, the granted land credits will allow the integration of 519 hectares of land among the economic circuits. 58 credits were approved with a value of 9.4 MD against 67 credits amounting to 10.8 MD in 2021.

As for subsidies, they reached 62.6 MD for the acquisition of agricultural equipment, 5 MD for investments in solar energy equipment, and 12.2 MD for investments in organic crops.

These subsidies are divided between 60% for improving productivity, 30% for priority sectors and 9% for regional development.

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