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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Foreign Investment in Tunisia Up 73% in 1st Quarter

A general view of Habib Bourguiba Avenue in downtown Tunis, Tunisia, March 22, 2020. REUTERS / Zoubeir Souissi/File Photo

Foreign investment in Tunisia rose by 73% in the first three months of 2022 compared to the same period a year earlier, the state news agency reported on Sunday.

Foreign investment had risen 18% in January to March 2021 compared to the same three-month period of 2020.

The European Union said in March it planned to lend 450 million euros ($475 million) to support Tunisia's budget and said it would invest 4 billion euros in coming years.

The North African country has been seeking international help to support its strained public finances.

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