Private Agricultural Investments Approved by APIA Down 9.6% in First Five Months of 2024
Private agricultural investments approved by the APIA (Agence de Promotion des Investissements Agricoles) decreased by 9.6% to reach 118.9 million dinars in the first five months of 2024, compared to the same period last year. This decline is even more significant compared to the 2018-2022 period, with a 53.5% decrease. These investments are expected to create 960 permanent jobs.
On the other hand, investments for young people amounted to 17.3 million dinars, and those for community-based companies reached 1.3 million dinars. Foreign investments reached 3.5 million dinars, compared to 0.3 million dinars in the first five months of 2023.
Subsidies and Credits
The APIA granted subsidies totaling 39.1 million dinars, representing 32.9% of the total approved investments. Subsidies for the purchase of agricultural equipment amounted to 14.4 million dinars, or 44.8% of the total subsidies granted. In reality, the credit rate decreased to 27%. Investments in photovoltaic equipment increased to reach 3.3 million dinars, with subsidies of 1.7 million dinars. Additionally, investments for regional development decreased to 4.4 million dinars, compared to 5.2 million dinars in the first five months of 2023.
Land Grants and Loans
The grant committees approved 11 land grants worth 1.6 million dinars, compared to 19 grants worth 3.1 million dinars in 2023. These grants will enable the integration of 84 hectares of land into the economy.
Declared Private Agricultural Investments
Private agricultural investments declared in the first five months of 2024 reached 604.7 million dinars, recording a 7% decrease compared to the same period in 2023. In comparison with the 2018-2022 period, they increased by 0.6% in value.
Source: TAP