The Tunisian Ministry of Industry has announced that the advisory committee of the Industrial Upgrade Program approved two investment deals worth a total of 63 million dinars and 9.5 million dinars in subsidies. The deals concern companies active in the manufacturing of automotive and aerospace components and metal packaging. The committee's meeting was chaired by Afef Chachi Tayari, head of cabinet of the Minister of Industry, Mines, and Energy.
The committee also reviewed the work of the restricted commission of the Industrial Upgrade Program, which met on September 30 to discuss 23 upgrade dossiers representing 82.3 million dinars in investments and 11.6 million dinars in subsidies. The commission's work included 57 dossiers focused on priority technological investments, totaling 3.17 million dinars, with 1.26 million dinars in subsidies. These investments aim to enhance the competitiveness of Tunisian industries.
The Industrial Upgrade Program is a key initiative to boost Tunisia's industrial sector, which has been facing challenges in recent years. The program aims to support companies in their modernization and development efforts, improving their productivity and competitiveness in the global market. The program's advisory committee includes representatives from various ministries, the Union of Tunisian Industry, Commerce, and Handicrafts (UTICA), and the banking sector.
The meeting was attended by Boutheina Boukmecha, Director General of the Industrial Upgrade Bureau, and representatives from several ministries and the banking sector. The Industrial Upgrade Program has been instrumental in supporting the growth of Tunisia's industrial sector, and the latest investments approved will contribute to the country's economic development.
The two approved investment deals concern companies active in strategic sectors, including the manufacturing of automotive and aerospace components and metal packaging. These sectors are crucial to Tunisia's economy, and the investments will help create jobs and stimulate economic growth. The Industrial Upgrade Program provides financial support to companies to upgrade their equipment, technology, and production processes.
The program's focus on technological investments is also noteworthy, with 57 dossiers approved for priority technological investments. This reflects the government's efforts to encourage innovation and digitalization in the industrial sector, enhancing the competitiveness of Tunisian companies in the global market. The investments approved will have a positive impact on the country's economic development and job creation.
The Industrial Upgrade Program is a vital initiative for Tunisia's economic development, and the latest investments approved demonstrate the government's commitment to supporting the growth of the industrial sector. The program's success will depend on its effective implementation and the continued support of the government and other stakeholders.
Key points
- The Industrial Upgrade Program has approved 2 investment deals worth 63 million dinars and 9.5 million dinars in subsidies.
- The program aims to support companies in their modernization and development efforts, improving their productivity and competitiveness in the global market.
- The investments approved will contribute to Tunisia's economic development and job creation.
