Summary:

On 7 November 2024, Prime Minister Kamel Madouri gave his first speech in front of Parliament and the Council of Regions since his nomination in late August, using the opportunity to emphasize attracting foreign investment to Tunisia. 

The Head of Government affirmed ongoing efforts to establish a unified law to promote investment and simplify procedures that would eliminate obstacles hindering investors. 

Madouri also announced the creation of a unified digital platform for investment to digitalize administrative services available to investors. 

In addition, the PM noted that an investment map will be established for each region in Tunisia highlighting the specific assets of each of these regions of interest to potential investors. 

Outlook: 

PM Madouri’s focus on investment promotion during his first speech stems from the need to reflect the government’s progress on providing incentives to the private sector to create jobs and economic activity, particularly as the government is hoping to reach an economic growth rate of 3.2% in 2025. 

Madouri’s speech appeared intended for a foreign audience, perhaps as a means to quell fears amongst potential investors, and to counterbalance President Kais Saied’s speeches on corruption which have had communicated skepticism toward businessmen and foreign influence. 

As other North African countries begin to aggressively attract interest from international investors, Tunisia’s projects to facilitate investment will need to move quickly. Prior efforts have fallen short of achieving their stated goals and, with increasing competition, investors will have more options in the region for various projects.  

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