Foreign investment in Tunisia recovers to pre-revolt levels

Reuters News
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Posted: Aug 02, 2012 8:51 AM

Tunis (Reuters) - Foreign direct investment (FDI) in Tunisia has recovered to levels seen before the start of the revolt that toppled President Zine al-Abidine Ben Ali in January, 2011 and sparked a wave of uprisings across the Arab world, according to official figures issued on Thursday.

Data from the investment promotion authority showed that foreign direct investment stood at 1.12 billion dinars ($690 million) in the six months to end-June, which is 45 percent above the same period in 2011 and three percent above its level in the first half of 2010.

The country of 10 million is however struggling to fully recover from the effects of the crisis that followed the revolt with high youth unemployment rates.

Foreign investment in the first half of this year saw the creation of 71 new firms and the creation of 6,700 new jobs, the agency said. Investors' interest focused on energy and manufacturing, which took 640 million and 233 million dinars respectively.

(Reporting By Tarek Amara; writing by Souhail Karam; editing by Stephen Nisbet)