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Old 29-12-06
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Kris Kris is offline
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Default Tunisia sees increased FDI in 2006

Tunisia benefited from increased foreign direct investment (FDI) in the first 11 months of 2006, according to the latest official figures.

By the end of November this year, FDI in Tunisia had reached a total of 966 million dinars (£79 million), a rise of some 14.6 per cent on the same period in 2005, with the energy sector the biggest beneficiary of foreign money.

Oil and gas discoveries, which carry windfalls such as those recently seen with the Oudna field, where the oil barrels per day volume has reached 20,000, were the biggest lures in the energy sector.

Overall FDI in the sector increased by 41 per cent in the January to November period in 2006 compared with the same time in 2005.

Investments from abroad in the country’s textile industry – one of Tunisia's prime exports at 35 per cent of all exports – rose 14.2 per cent to stand at 66 million dinars (£26 million), Magharebia reports.


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