Saturday, 24 August 2019 02:38 GMT
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Tunisian industry sees 35 percent decline in investment plans




(MENAFN) Tunisia's industrial sector has seen its investment plans record a 35 percent drop during the first quarter of 2018, as revealed the Agency for the Promotion of Industry and Innovation.

Investments in the services sector was also said to have declined by 50 percent compared to the same period in 2017.

Tunisian institutions in the investment and business climate were said to be looking to assess requirements for enhancing the investment climate, executing urgent reforms, placing the necessary infrastructure for the completion of projects in industrial areas, easing administrative procedures and reducing red tape.

Tunisian Economic and Financial Expert Saad Boumakhla commented "the new laws on the creation of an investment climate have not contributed as needed to attracting foreign and domestic investments."

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Tunisian industry sees 35 percent decline in investment plans

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