Tunisia sees relative rebound of FDI in the first half of 2017

Source: Xinhua| 2017-08-17 10:47:52|Editor: ying
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TUNIS, Aug. 16 (Xinhua) -- Foreign direct investments (FDI) rose by 1.8 percent year-on-year in the first half of 2017, the Tunisian investment authority said Wednesday.

Tunisia's FDI reached 967.8 million dinars (396.8 million U.S. dollars) in the first six months this year, a slight rebound compared with a total of 950.8 million dinars (389.7 dollars) in the same period of 2016.

About 97.6 percent of these outbound investments this year are direct investments while the remaining are portfolio investments.

Khalil Laabidi, president of the Tunisian investment authority, estimated that direct investments mainly went to the energy and industrial sectors.

"The upward trend of foreign direct investment flow proves the renewal of a relative confidence in favor of Tunisia as a hub and investment platform," Khalil said.

Investments over the first half of 2016 created more than 3,700 new jobs in Tunisia.

The Tunisian investment authority plans to make 2.5 billion dinars (1.02 billion dollars) of FDI by the end of this year.

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