Tue. Jan 31st, 2023

Invest in Tunisia

Tunisia has preserved macroeconomic stability and initiated fiscal and banking reforms, amidst a challenging political and external environment. Tunisia offers a functional and stable democracy, young and literate population, and a government supportive of reforms. The authorities five-year economic vision 2016-2020 aims at promoting stronger and inclusive growth and includes five pillars—of which the main driver is private sector development: effective public institutions; economic diversification; human development and social inclusion; regional development; and green economic growth. Macroeconomic stabilization—including fiscal consolidation, improved budget composition, and reduced external imbalances through larger exports and FDI—is considered a prerequisite for growth. 

Key Indicators
Population, millions 11.5
 GDP per Capita, U.S. dollars 3465
 GDP Growth, percent
 1.96
 Inflation, end of period, percent 5.32
 General Government Debt, percent 70.3
 Global Competitiveness Ranking 2017-18 95
 Doing Business Ranking, 2019 80
*Figures are for the period 2017, unless otherwise indicated.


Automotive Sector

Strengths

  1. An average annual growth of 12% over the last decade

  2. More than €2 billion of exported auto spare parts

  3. Among the 10 providers of Europe for electrical wiring systems

  4. Only country in Africa with local countries established world wide

  5. Different stages of value chain covered by Tunisian companies (40% local content)

  6. Experienced and highly adaptable workforce

  7. Geographic proximity and fast delivery times

  8. Consortium of equipment manufacturers within the Tunisian Automotive Association


Infrastructure

Main Infrastructure

  1. 9 international airports

  2. 7 commercial seaports and 1 oil terminal

  3. Developed network of roads and highways

  4. About 152 industrial zones and 2 parks for economic activities

  5. 12 completivity clusters
  6. 15 cyber parks for different specialties

Aerospace Industry

Strengths

  1. More than 80 companies set up in 4 industrial clusters

  2. Presence in the entire supply chain: high precision cutting and machining

  3. High value-added activities: software and hardware engineering
  4. Integrated industrial platform dedicated to aeronautics
  5. Consortium of companies with activities related to aerospace industry within Tunisian Aerospace Association Industries

ICT

Strengths

  1. Multiskilled human resources

  2. The highest concentration of researchers among Arab and African countries

  3. A performing infrastructure offer

  4. The biggest data center in Africa “dataxion” is based in Tunisia

  5. Tunisia is the first Arab and African Country in terms of innovation (2018 Bloomberg Innovaon Index)

  6. Tunisia is the 7th best city around the world to launch a start-up

  7. A favourable legal and fiscal framework

Agribusiness

Strengths

  1. The first worldwide exporter of dates

  2. The second African exporter of organic products

  3. Six medals in the Los Angeles International Extra Virgin Olive Oil competition 2018, including 4 goals

  4. The only African country having received the recognition of equivalence with the EU and Switzerland pertaining to organic agriculture

  5. Africa’s 2nd Largest Exporter of Organic Products

  6. Booming organic production

  7. Quality products, natural taste and flavor

  8. Synergy between research centers and companies

  9. Financial and tax incentives in favor of the sector

Renewable energy

Strengths

  1. A well defined energy strategy by 2030

  2. Intensifying energy efficiency promotion in all sectors with the aim to decrease primary energy demand by 2030 of 30% compared to the baseline

  3. Legal framework: Law no 12 of May 11, 2015 on the production of electricity from renewable energies

  4. Tunisia is committed (COP 21) to produce 2250 MW of electricity from renewable energy by 2030

  5. Priority sector under the new investment law


See Full Prospectus

SOURCE https://www.compactwithafrica.org/content/compactwithafrica/home/compact-countries/tunisia.html#tab_3

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