Agricultural investments remain below level required

Thursday, 10 April 2014

    TUNIS, (TAP)-The agricultural investments in Tunisia remain below the level required ranging between 8 and 10% of all the investments achieved during the last decade. The financial resources were rather oriented towards other sectors such as tourism, industry and services, Head of the Minister's office at the Ministry of Agriculture Abdallah Chrid said Thursday in Tunis.

    During a meeting held at the initiative of the Tunisian Agriculture and Fishery Union (UTAP) in collaboration with the Arab Authority for Agricultural Investment and Development (AAAID), Mr. Chrid highlighted the encouragements registered in the code of investment incentives in the sectors of agriculture and fishery and the advantages granted to foreign farmers. AAAID president Mohamed Abid Mazrouï called on the Tunisian, Arab and international private sector as well as the Tunisian banks to participate and co-ordinate with the authority to propose ideas of projects in adequation with the investment policy of this institution. He said that the authority, shareholder in 34 companies in the agricultural field distributed throughout 12 member countries, is working in Tunisia since 1986 through "El Marja" company, for livestock and agricultural development as well as "Elbène" company of the northwest "Laino" in Boussalem (governorate of Jendouba). The AAAID will strive for the creation of a new farm with a capacity of 800 cows for the production of diary products whose achievement is due as of this year.

    The AAAID founded in 1997 "AGRO ZITEX" company in Aguereb (governorate of Sfax) in the field of production of pomace oil and soap.

    © Tunis-Afrique Presse 2014

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