Arab Investments surpass Europeans ones
Tunisia-Saudi Arabia, Business, 9/15/1997

Recent statistics shows that Arab countries are leading in Tunisian agrarian investment. The number of companies specializing in agrarian development set up by foreign investments increased to 19 companies as of the end of last year.

The Saudis came first among all the foreign investors in the agrarian investment, the Italians came second with 4 companies, the French came third with 3 companies, and the Germans came in last with 2 companies.

This influx of agrarian investment is due to incentives granted to investors, such as tax exemption and Tunisia's increased investment in its infrastructure, though the main attraction is a law that exempt investors from paying taxes for ten years from their production start-up date.

Foreign finance companies include those set up to establish artificial fish lakes and irrigation projects, in addition to sheep and cattle farms.

Saudi investors, together with French and Tunisian investors established an Ostrich growing area in the province of Nayel in Tunisia.

Previous Stories:
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