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Zawya
12 hours ago
- Business
- Zawya
Tunisia: FDI up 21% in 2024 (UNCTAD)
Tunis - Foreign Direct Investment (FDI) in Tunisia increased by 21% in 2024, compared to 2023, reaching $936 million, according to the latest World Investment Report published Thursday by the United Nations Conference on Trade and Development (UNCTAD). Along with Egypt, Tunisia contributed «significantly» to the rise in the value of new projects in North Africa, where investments grew by 12% to reach $76 billion, accounting for two-thirds of the continent's total investment spending. Tunisia contributed to this growth with investment announcements worth $13 billion, along with a considerable increase in the number of projects. According to UNCTAD, North Africa was the only region in the continent to record an increase in the value of new projects. It also attracted the highest amount of FDI on the continent, with a value of $51 billion, compared to $13 billion in 2023. Moreover, the report highlighted a significant rebound in FDI flows to Africa, which surged by 75% to reach $97 billion, representing 6% of global FDI flows, compared to 4% the previous year. This increase is largely attributed to an international financing agreement for urban development projects in Egypt, according to the same source. Excluding this boost, FDI in Africa still grew by 12%, reaching about $62 billion, which is 4% of global flows. Efforts to facilitate investment continued to play an important role in Africa, accounting for 36% of investor-friendly policy measures. Liberalisation also remained a key aspect of investment policy-making in both Africa and Asia, representing one-fifth of the measures adopted in 2024. The continent attracted a growing share of global megaprojects in 2024, including seven valued at over $4 billion each. Among the largest announcements was a megaproject in Tunisia's renewable energy sector, worth a total of $6 billion. At the sector level, construction and metal products saw the largest increases in investment in entirely new projects, while electricity and gas supply projects dropped by $51 billion. According to the report, European investors hold the largest stock of FDI in Africa, followed by the United States and China. Chinese investments, valued at $42 billion, are diversifying into sectors such as pharmaceuticals and agribusiness. © Tap 2022 Provided by SyndiGate Media Inc. (
Zawya
07-05-2025
- Business
- Zawya
Dubai International Chamber attracts 53 global companies in Q1
DUBAI - Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of its key achievements during the first quarter of 2025. Throughout the three-month period, the chamber has continued to play a pivotal role in attracting foreign direct investment to the emirate and cementing Dubai's position as a leading global business destination. Dubai International Chamber successfully attracted 53 companies to Dubai during Q1 2025, representing a 39% increase compared to 38 companies attracted in Q1 2024. These included 11 multinational companies (MNCs), marking a 120% increase over the five attracted in Q1 2024. Meanwhile, 42 small and medium-sized enterprises (SMEs) were attracted during Q1 2025, representing YoY growth of 27% compared to the 33 attracted during the same period last year. Sultan Ahmed bin Sulayem, Chairman of Dubai International Chamber, stated, 'We are continuing to strengthen our efforts to attract foreign direct investment to Dubai and showcase the emirate's competitive advantages and wide range of opportunities for companies and investors from across the globe.' He added, 'Dubai International Chamber's network of international offices plays a vital role in strengthening Dubai's global investment appeal by attracting businesses from around the world. These companies are leveraging Dubai's competitive advantages to accelerate their local and international expansion, further strengthening the emirate's status as a leading global hub for trade and investments.'
