Tunisia - French company SELT Marine Group (SMG), specialising in the processing of algae into food, cosmetic and pharmaceutical products, plans to invest €7 million over the next two years to expand its operations in Tunisia, said the company's CEO, Mounir Boulkout.

This expansion should allow the company to employ 20 workers, 30 senior technicians and 20 engineers, he added during a visit by a team from the Foreign Investment Promotion Agency (FIPA-Tunisia), according to a press release from the latter issued Tuesday.

In this context, Mounir Boulkout expressed his company's willingness to "significantly" expand its activities in other niches in the short and medium term.

FIPA said the visit was an opportunity to learn about the development of the multinational's activities and to ensure the best conditions for its expansion.

The SELT Marine Group is a French company that has been present in Tunisia, in Bizerte Governorate, for more than 20 years. It has invested €13 million in Tunisia to date, according to Boulkout.

The company cultivates and harvests seaweed on its farms. It processes them in its specialised factories and laboratories into food, cosmetic and pharmaceutical products, which it distributes in around fifteen countries.

© Tap 2022 Provided by SyndiGate Media Inc. (Syndigate.info).