President Kais Saied Criticizes Multiplication of Investment Support Institutions and Foreign Branches
President of the Republic Kais Saied has criticized the proliferation of institutions supporting investment and foreign branches, which he believes do not lead to actual investments.
He highlighted that these institutions cumulatively have a budget of 500 million dinars to support investment, but with little real effectiveness, while neglecting education, hospitals, and numerous other public facilities.
Saied emphasized that it's not about dismissing public establishments and enterprises, as is often claimed. Rather, the idea is to manage public funds reasonably and avoid having too many enterprises. He also stressed the need to avoid disrupting ongoing, interrupted, or unfinished projects.
The President noted that some countries have only one investment entity, whereas Tunisia has a Higher Council of Investment, a Tunisian Investment Authority, and a Tunisian Investment Fund. Additionally, there are five investment agencies: the first for foreign investment, the second for agricultural investment, the third for export promotion, the fourth for industry, and the fifth for industrial promotion and renewal.
Saied declared, "Some continue to call for the creation of a new organization or agency, but investing in creating institutions does not create wealth or profits for all citizens."
