TIA develops 39-measure roadmap to boost investment

(TAP) – The Tunisian Investment Authority (TIA) has developed a roadmap 39 measures based on a consultation between the public and private sectors to boost investment in Tunisia. This roadmap will be soon submitted to a Cabinet meeting, it emerged from a national workshop on “Rethinking investment – Reboot.”

Five sectors are prioritised in this document: automotive, aerospace, ICT, pharmaceutical industry and renewable energy, president of the TIA, Mohamed Ouertatani said at the workshop.

He considered it necessary now to take better advantage of opportunities offered in the automotive component sector, especially during this period marked by the exit of several investors from Ukraine. There is a possibility of attracting these investors to Tunisia, especially since the country “has several privileges in relation to human resources, the low cost of production and geographical proximity to Europe,” according to the official.

Minister of Economy and Planning, Samir Saied said the five sectors identified are promoting, and the establishment of a partnership between the two public and private sectors will strengthen the added value of several activities.

“The measures designed under the roadmap are mainly on land issues, cash transfers and port traffic. They are based on a rapprochement between academia and private enterprises in addition to simplifying administrative procedures and improving the business climate.

Saied pointed out that his department has launched an inventory to identify the buildings ready to host investors wishing to set up in Tunisia, including those from Ukraine.

He also said several visits are planned to European capitals this week to meet with foreign investors and promote the site Tunisia.

On another level, the Minister indicated that discussions with the IMF are moving forward and that reaching an agreement with the international donor will allow Tunisia to restore its financial balance and boost investment.

Orginal Article Link: https://www.tap.info.tn/en/Portal-Economy/15198564-tia-develops