Tunisia is enjoying a continued rise in foreign direct investment (FDI), which recently published figures show has increased by 15.7 per cent in the first quarter of 2019 which amounts to $280 million, an increase of $30 million compared to the same period in 2018.

Legal Law Limited is embarking on a new initiative in Tunis to support the rising commercial investment programme. Giorgio Bianco, Alessandra Bellanca, partners in the Tunisian office of Legal Law Limited and Paola Vitali, head of Legal Law Limited’s Spanish office, are in Tunis attending a series of meetings, including meetings in the Embassy, to promote Spanish/Tunisian cooperation in commerce. Agriculture, tourism and the electrical and chemical sectors are contributing to the improvement in the Tunisian economy.

Giorgio Bianco commented “radical changes to investment law made in 2017 have significantly altered the perception of Tunisia as a potential country for investment. The level of FDI from a wide range of sectors continues to steadily rise.”

The World Bank reviewed the commercial investment landscape in Tunisia and predicted an average growth rate of 3 per cent, rising to 4 per cent in the medium term. Alessandra Bellanca said “the investment in Tunisia is supported by the prospect of further reforms to the law to aid FDI. ”Paola Vitali commented, “I firmly believe that there is enormous potential for Spanish/Tunisian joint ventures and look forward to developing collaborations with Tunisia and working closely with our colleagues in our office in Tunis”.