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Qatar second biggest investor in Tunisia

In first nine months of 2015, foreign investments increased by 26.1 per cent compared with same period of 2014

Qatar ranks second after France in terms of the size of investments in Tunisia, with investments estimated at $43 million or 13 per cent of the total foreign direct investment.

During the first nine months of 2015, foreign investments registered $903m compared to the previous three years, up by 26.1 per cent compared with the same period of 2014, 17.8 per cent compared to 2013 and 36.1 per cent compared to the year 2012.

Foreign direct investments increased by 7.4 per cent compared to the same period of 2014, and agricultural investments increased by 47.9 per cent compared with the same period of 2014, reports Qatar-based Al-Sharq.

The aids, grants and agreements of cooperation between Tunisia and the State of Qatar escalated dramatically since the revolution of January 14, 2011, as Tunisia and Qatar signed a military cooperation agreement under which the Tunisian Ministry of Interior received 76 cars from Qatar, including 13 Jeep and Hummer cars, 50 four wheel drive cars, 8 trucks and 5 buses.

Qatar’s assistance for Tunisia continued with the opening of the 15th Qatar Charity Society in Tunisia with investments valued at $15m.

This is in addition to His Majesty the Emir of Qatar’s contribution with a value of $20m or more in the joint capital fund established by the Tunisian government to compensate for the political prisoners and the users of the legislative amnesty.

Qatar has also deposited $500m in the Tunisian Central Bank to support Tunisia’s reserves of foreign currency.

($1 = AED3.67, at the time of publishing)