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Youssef Chahed kicks off Tunisia Investment Forum

Published the:  20/06/2019

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(TAP) – Prime Minister Youssef Chahed opened on Thursday afternoon the two-day Tunisia Investment Forum (TIF 2019) held by the Foreign Investment Promotion Agency (FIPA).

"We are currently seeing a recovery in the Tunisian economy and public finances and we expect the budget deficit to drop to 3.9% by the end of 2019, compared with 7.4 in 2016," he said.

He added that "Tunisia will be a hub for investment by 2030,” stressing that the improvement of the business climate is at the top of the government's priorities. Moreover, 16% of the state budget is allocated to defense and security.

The Prime Minister also said 2018 was the best year in terms of investment thanks, in particular, to the digitization of public tenders (TUNEPS platform) and the promulgation of decree 2018-417 on economic activities subject to authorization, adding that this law has made it possible to reduce the administrative procedures.

This new edition of the Tunisia Investment Forum (TIF) on the theme "Invest in Tunisia, the Next Opportunity” will focus on the promotion of Tunisia as a leading country in artificial intelligence, attractive in the field of communication and information technologies.

The Tunisia Investment Forum (TIF) aims to "create an open and interactive debate to identify investment opportunities and challenges that Tunisia faces in the coming stage, in order to continue positioning itself as a destination of choice for foreign operators ".

With an established infrastructure, the highest Internet mobile penetration in Africa and the geopolitical positioning in the heart of the Mediterranean region, as well as a highly skilled, educated and young workforce, nearly 3,500 foreign companies have chosen today Tunisia to do business and access the regional markets of more than 800 million consumers.

Several themes will be discussed during the Forum, including "Tunisia's current success: designing the opportunity", "National skills for a new and progressive investment" and "Meeting the challenges through creation of opportunities to increase the investment ecosystem in Tunisia