Growing Interest in High Value-Added Sectors - Tunisia Live Growing Interest in High Value-Added Sectors - Tunisia Live
Growing Interest in High Value-Added Sectors

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Growing Interest in High Value-Added Sectors

Despite the difficult economic circumstances, certain sectors of Tunisia’s economy have continued to expand, thanks to local and foreign investments.  In fact, the mechanical and electrical engineering industries, the food-processing industry, and the materials industry have all caught developers’ interest and are facing large growth rates.

Thanks to exports, Tunisian mechanical and electrical engineering industries have registered very encouraging profits throughout the past few years. In July 0f 2010, the volume of investments declared in these industries was estimated to be 488.6 million dinars, compared to 326.3 million dinars during the same period of the previous year — representing a 49.7 % growth rate.  The prospects for development of this sector are vast, and the possibilities of investments in partnership with foreign companies are promising, as well.

Tunisia’s food processing industry, another important sector of the economy, is also making a breakthrough in the business world. Tunisian tuna, dates, and olive oil have acquired a notable reputation over the years and are now facing a large demand from international consumers. The value of investments in this sector is estimated at 507.4 million dinars, compared to 369.9 million dinars during the same period last year — a 37.2 % increase.

At the same time, a disappointing performance was registered by Tunisian leather and shoes industries, falling 57.4 % ( 8.7 million dinars),  as well as by the textile and clothing industries, which witnessed a decline of 32.5%.  The value of investments in the chemical industries also decreased by 3.4 %.  These declines, however, could be merely cyclical, with the possibility of catching up during the next few months, particularly with regards to the textile industry.

Source: La Presse

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