Tunisia: the executive contours the outlines of the revival of its investment

Tunisia: the executive contours the outlines of the revival of its investment

16/09/2016 source “Jeune Afrique”

On 29 and 30 November will take place in Tunis the conference “Tunisia 2020”, an international meeting on investment that is an important event for the future of the economy. In the first press canference held yesterday were specified the goals of the country.

Organizers say clearly that the aim of the conference “Tunisia 2020” is to attract foreign direct investment (FDI), which has become rare in Tunisia, and support the development plan 2016-2020.

This idea was highlighted again yesterday by Mourad Fradi, partner at Mazars and expert in international business advice and deputy commissioner of the event, at a press conference. This is the main challenge of this operation, which has an organizational cost estimated at 4,5 million Dinars (1,8 million Euros).

The new image with investors

To do this, the country is committed to restore to the investor an image that has deteriorated considerably since 2011.

If the political and security instability and lack of social peace has largely contributed to step away the country of the radar of the investors, Tunisia is now claiming the vitality of its democracy five years after its revolution.

An asset that organizers have highlighted, as well as the return to a calmer economic climate, which has been argued in essence by Moncef Baati, Advisor to the Ministry of Foreign Affairs and Khalil Laabidi, CEO of FIPA (Foreign Investment Promotion Agency), the Agency for promotion of foreign investment.

They appeal to a synergy of business between Tunisia and abroad, notably to launch public-private partnerships to make its territory an economic centre and an investment destination.

Goal: 24% of GDP in 2020

In this regard, Tunisia will present their development plan 2016-2020 to the expected 800 participants, whose main lines had already been revealed in June by the executive.

Good governance, administrative reform, fight against corruption and green economy are at the heart of this project that has the ambition to make rise the rhythm and the annual average growth rate of GDP of 1,5% per year between 2011 and 2015 to 4% per year.

To support this objective, the Tunisian government wants to put on the table a number of development projects to find investors and get to raise the share of investment to 24% of GDP in 2020, against 19,4% achieved in 2014, according to Central Bank.

Meanwhile, Tunisia accelerates the pace. The country is actually preparing the decrees of enforcement of the laws, particularly with regard to public-private partnerships, approved by the Assembly of People’s Representatives (ARP) last year. The PRA should adopt soon a new investment code.

The “Tunisia 2020” conference is supervised by the Ministry of Development, Investment and International Cooperation, in collaboration with the Ministry of Foreign Affairs and under the patronage of the Presidency of the Republic. The organization of this campaign was entrusted to a consortium of French investment bank ARJIL et Associés, the Tunisian consulting company of engineering studies COMMIT and the company Africa Communication Events, a subsidiary of organization of events of the press group Jeune Afrique.