By Emine Bougatfa
The COVID-19 effect is a subject of debate in comparison to the 2007-2008 global financial crises and World War.
Although the repercussions of these crises may seem enormous, the
Corona Virus pandemic has left wide-ranging effects on almost every
area of development, as no crises did before.
However, in certain developing countries, specifically in Tunisia, there
seem to be opportunities of investment in the following fields, Aeronautics,
Automotive, ICT and the Pharmaceutical Industry, along with Agriculture
or Agribusiness that requires a simple declaration of intent as opposed to
other sectors that require further Government authorizations.
Furthermore, as declared during the 11th meeting of the strategic
investment council held by ‘ Tunisia investment Authority’, the COVID-19
crisis has captured the attention of the responsible parties towards the
urgent reform of the Tunisian ecosystem, essentially of the digital transition and the green economy that will encourage investors to invest within a developed, cost-effective ecosystem compared to EU countries.
How COVID-19 helped in laying the perfect ground for investments in Tunisia?
It may be true that since the Tunisian revolution of January 2011,
political and economic stability in Tunisia remains fragile, according
to UNCTAD’s World Investment Report 20205. However, the Tunisian
Government still encourages the investment mainly in the Agricultural
field by exempting tax on reinvested profits and income in the first 10
years of operation, along with additional premium of 25% of the value
of the investment which may be granted for fishing projects in the coastal
ports north of Bizerte to Tabarka, and many more benefits.
