A specialist agency for the promotion of industry and innovation in Tunisia has reported a sharp fall in investments in footwear and leather projects in the first two months of 2023.

In total the agency attracted investment worth a little more than $75 million in industrial projects in January and February, a decline of 15% year on year. It said that almost all of this, around 95%, had come from overseas investors, with funding going into 550 new projects.

Sectors including food, chemicals, textiles and construction reported substantial increases in investment, but footwear and leather saw a fall of 88%.

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