| 17 June 2012 | 0 Comments
 
 

News of decreased regional investment for the 2011 economic year comes only days after Tunisia’s Minister of Regional Development and Planning Jemeleddine Gharbi announced development projects in the Tunis and Gafsa governorates, worth 878 and 500 million dinars, respectively, according to All Africa.

All Africa reports that Tunis’ sanitation sector will be the main beneficiary of the region’s funds, with an allocation of 312 million dinars. Road projects in the Tunis governorate will also receive 164 million dinars.

All Africa’s report added that there will be a national consultation to promote competition and to equalize development throughout Tunisia.

TAP reported today that investment in Tunisia’s regional development fell 20.1% during the first five months of 2011. According to the Agency for Industry Promotion and Innovation’s May’s newsletter, investment fell to 678.2 million dinars.

The call for massive development comes at the heels of the signing of a US loan guarantee for Tunisia, and the country reiterated its welcome for American investments and increased trade avenues between the two nations.

Major initiatives have also been unveiled recently to develop Tunisian infrastructure and to combat unemployment, which currently hovers around 18%. A solar energy project by the name of TuNur will be unveiled by 2016, while General Electric will also invest 10 million dinars in Tunisian infrastructure and energy projects.


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