Tunisia's Minister of Economy and Planning, Samir Abdel Hafiz, has announced that the government is working on programs to restructure several public institutions and establishments. The goal is to develop their production capabilities, improve their financial situation, and ensure their continuity. The companies set to benefit from these plans include the Tunisian Steel Industry Company "Al-Foulad", the Tunisian Cement Company in Banzert, and the Tunisian Sugar Company in Bajah.
The restructuring plans involve significant investments in the companies. For Al-Foulad, a new steel plant project is currently under evaluation. A delegation from the Islamic Development Bank visited the site from October 19 to 23, 2026. The project's estimated cost has been increased from $70 million to $130 million to include the renewal of various support units and ensure they meet the required performance standards.
The Islamic Development Bank's financing offer for the Al-Foulad project is expected to be approved by the bank's board of directors in April 2027. Meanwhile, the Tunisian Cement Company in Banzert will see a project to control energy and preserve the environment at a cost of 50 million dinars. This is part of the company's restructuring plan. The company's capital has also been increased by 53.1 million dinars, and its debts have been rescheduled.
The restructuring plans also cover the Tunisian Sugar Company in Bajah. A project to upgrade worn-out production equipment and acquire new vital equipment worth 40 million dinars is expected to be completed soon. The company is working on a business plan to ensure its sustainability. The company's debt rescheduling is part of efforts to improve its financial situation, with a target of producing 180,000 tons of raw sugar for refining and 171,000 tons of white sugar.
The Tunisian government's efforts to restructure these key industries aim to improve their competitiveness and financial stability. The plans are part of a broader strategy to boost economic growth and development in the country. The Minister of Economy and Planning emphasized the importance of these projects in ensuring the continuity of these vital industries.
The restructuring plans have been welcomed by various stakeholders, who see them as essential for the country's economic recovery. The projects are expected to create new jobs and stimulate economic growth in the regions where the companies operate. The government's commitment to supporting these industries is seen as a positive step towards achieving sustainable economic development.
The Tunisian government's plans to restructure key industries are part of a larger effort to address the country's economic challenges. The country's economy has faced significant difficulties in recent years, including high debt levels and slow growth. The government's efforts to support key industries and stimulate economic growth are seen as crucial to addressing these challenges and achieving sustainable development.
Key points
- The Tunisian government plans to invest in several key industries, including steel, cement, and sugar production, as part of its restructuring efforts.
Reporting sources
- Jawhara FM · Jawhara FM
