|#||Actual Signal Date||Investing Company||Parent Company||Revenue ( USD m)||Employees||Source country||Source State||Source City||Destination Region(s)||Destination Country(s)||Industry Sector(s)||Industry Cluster(s)||Industry Activity(s)||Description||Signals||Data source||Contact name (1)||Position (1)||Email (1)||Telephone (1)||Contact name (2)||Position (2)||Email (2)||Telephone (2)||Contact name (3)||Position (3)||Email (3)||Telephone (3)|
|1||Feb 2017||Korel Electronics||Korel Electronics||Turkey||Turkey||Odunpazari||Tunisia||Electronic components|Industrial equipment||Consumer Goods||
Turkey-based Korel Electronics, a manufacturer of heating elements for
household appliances is considering establishing a joint venture in
Tunisia with local firm Loukil Group. The companies met along with
investment promotion agency FIPA Tunisia to discuss potential investment
opportunities, activities eligible for incentives, as well as tax
exemptions and incentive schemes.
|New Investment Strategy|
|2||Feb 2015||Swiss-Belhotel||Swiss-Belhotel||Hong Kong||Hong Kong||Hong Kong||Egypt|Indonesia|Jordan|Morocco|Tunisia|Turkey||Hotels & tourism||Tourism||Construction||
Hong Kong-based hotel company Swiss-Belhotel plans to enter into new
markets as part of its international expansion plan in the Middle East
and north Africa during 2015. The company is interested in entering
markets including Turkey, Egypt, Tunisia and Morocco as well as grow its
existing presence in Indonesia. It is also in negotiations to enter the
Jordanian market. Additionally, Swiss-Belhotel will open new hotels in
the United Arab Emirates, Qatar, Oman and Iraq.
|Considering Project (New or Expansion)||Noel Massoud||Head (Middle East), Operations and Development|
|3||Jul 2014||Grupo Eurofinsa||Grupo Eurofinsa||35.81||Spain||Comunidad de Madrid||Madrid||Tunisia||Real estate||Construction||Construction||
Spain-based Grupo Eurofinsa, an integrated project developer, is
considering investing E400m ($534m) in three projects in Tunisia. The
projects include the construction of two shopping centres in Bizerte and
an industrial zone in the Erg el Mabtouh area of Utica.
|Considering Project (New or Expansion)|
|4||Jul 2014||Kirloskar Brothers||Kirloskar Brothers||357.36||India||Maharashtra||Pune||Algeria|Angola|Democratic Republic of Congo|Tunisia|Uganda|Zimbabwe||Industrial equipment||Industrial||
India-based pump manufacturer Kirloskar Brothers has announced it plans
to expand its footprint into regions such as Tunisia, Algeria, Angola,
Uganda, Congo and Zimbabwe.
|Considering Project (New or Expansion)||Ajeet Kulkarni||Associate Vice President, Corporate International Business Support|
|5||Feb 2014||LEONI Wiring Systems Tunisia||Leoni||5723.01||95700||Germany||Bayern||Nurnberg||Tunisia||Electronic components||Transport Equipment||
Automotive cable harness manufacturer LEONI Wiring Systems Tunisia, a
subsidiary of Germany-based LEONI, plans to recruit a number of new
employees in Tunisia. The company expects to create 700 new jobs in the
country during 2014.
|New Investment Strategy|
|6||Sep 2012||Agility||Agility||5100||22700||Kuwait||Al-Kuwait||Kuwait City||Egypt|Libya|Tunisia||Transportation||Transportation, Warehousing & Storage||
Kuwait-based Agility, a logistics firm, plans to focus its expansion on
emerging markets, much of it in countries that experienced Arab Spring
upheavals. The company is in talks with the new governments in Egypt,
Tunisia and Libya on increasing its presence and investments as it
changes tack and puts less emphasis on defence services.
|New Investment Strategy||Tarek Sultan||Chief Executive Officer|
|7||Mar 2012||Ooredoo (Qatar Telecom)||Ooredoo (Qatar Telecom)||8995.12||17000||Qatar||Qatar||Doha||Algeria|Iraq|Tunisia||Communications||ICT & Electronics||
Qatar Telecom (Qtel), a Qatar-based provider of domestic and
international telecommunication services, is planning to expand its
operations organically in Tunisia, Algeria and Iraq. The company
believes that its mobile and fixed networks in these countries need
major investment. Qtel will also seek licences for third generation
mobile technology in these countries, with licences for Tunisia and
Algeria possibly being issued in 2012.
|New Investment Strategy||Nasser Marafih||Chief Executive Officer|
|8||Nov 2011||Orbit Showtime Network||Kuwait Projects (KIPCO)||2038||Kuwait||Al-Kuwait||Kuwait City||Tunisia||Leisure & entertainment||Creative Industries||
Dubai-headquartered pay television company Orbit Showtime Network (OSN),
part of Kuwait’s Kipco, has announced that expansion into Tunisia is
high on its priority list. OSN has operations in the Middle East and
North Africa and broadcasts channels in Arabic, English, and Filipino.
|New Investment Strategy||Pinak Maitra||Chief Financial Officer|
|9||Aug 2011||Solarhybrid||Solarhybrid||Germany||Nordrhein-Westfalen||Brilon||Bahrain|India|Morocco|South Africa|Tunisia|UAE||Renewable energy||Environmental Technology||
Solarhybrid, a Germany-based renewable energy company, has announced
that it is in negotiations for joint venture projects and rights to
renewable energy developments in Bahrain, India, Morocco, South Africa,
Tunisia and Abu Dhabi, United Arab Emirates. The company is mainly
involved in the construction and operation of solar-powered photovoltaic
plants and recently set up a new subsidiary company in the US to tap
into the local energy market.
|New Investment Strategy||Albert Klein||Chief Financial Officer|
|10||Jun 2011||Ericsson||Ericsson||22230.55||95359||Sweden||Sweden||Stockholm||Tunisia||Communications||ICT & Electronics||
Sweden-based telecommunications company Ericsson has announced plans to
expand its activities in Tunisia. The company will begin several
investment projects in the country in order to increase its local market
|New Investment Strategy|
|11||Feb 2011||Eni SpA (Eni)||Eni SpA (Eni)||90864||Italy||Lazio||Rome||Tunisia||Coal, oil & gas||Energy||
Italy-based energy giant Eni has announced plans to invest $500m into
Tunisia over a three year period until 2014. The company will continue
investing in the country to find new energy, despite it having less
resources than neighbouring countries Libya and Algeria.
|New Investment Strategy||Paolo Scaroni||President|
|12||Jan 2011||Entrepose Contracting||Vinci||40823.84||France||Ile-de-France||Rueil-Malmaison||Tunisia||Construction||Manufacturing||
France-based Entrepose Contracting, a subsidiary of Vinci, has won a
contract from Company National Oil Distribution worth E83m ($107.49m) to
construct a liquid petroleum gas storage facility in Gabes, Tunisia. The
facility will include six spheres of 4000 cubic metres in slope and is
expected to be completed by July 2013. It is the company’s first entry
into the country.
|New Overseas Supplier Contracts||Dominique Bouvier||Chief Executive Officer, Entrepose Contracting|
|13||Jul 2010||Bank Audi sal-Audi Saradar Group||Bank Audi sal-Audi Saradar Group||501||6306||Lebanon||Beyrouth||Beirut||Algeria|Egypt|Jordan|Syria|Tunisia||Financial services||Financial Services||
Bank Audi, Lebanon’s largest lender by asset, is to continue to focus on
consolidating and strengthening its presence in markets including,
Egypt, Syria and Jordan and plans to enter new markets like Algeria and
Tunisia, as part of a new strategy to strengthen and diversify its
business outside Lebanon. The company’s ultimate aim is to become a
regional bank through cross-selling markets and business lines.
|New Investment Strategy||Freddie Baz||Director, Strategy|
|14||May 2010||FLSmidth||FLSmidth||2821.04||Denmark||Denmark||Copenhagen||Tunisia||Industrial equipment||Construction||
FLSmidth, a Denmark-based cement and minerals system provider, has
signed a contract worth E107m (DKr797m) with Tunisia-based Carthage
Cement to supply equipment and services for a 5800 tonnes per day
state-of-the-art cement plant, located 40 kilometres south-west of
|New Overseas Supplier Contracts|
|15||Jan 2010||Renault Trucks||Volvo||41419.51||99488||Sweden||Sweden||Gothenburg||Tunisia||Automotive OEM||Transport Equipment||Manufacturing||
Renault Trucks, a division of Volvo, is considering opening a production
plant in Tunisia.
|Considering Project (New or Expansion)||Stefano Chmielewski||Chief Executive Officer, Renault Trucks|
|16||Jan 2010||Engro Corporation (Engro Chemical Pakistan)||Engro Corporation (Engro Chemical Pakistan)||Pakistan||Not Specified||Not Specified||Algeria|Morocco|Tunisia||Chemicals||Food, Beverages & Tobacco||Manufacturing||
Pakistan-based Engro Corporation, formerly known as Engro Chemical
Pakistan, is to invest $1bn in North Africa. The company intends to
build a phosphate fertiliser plant in the region and is currently
considering three countries for the project: Morocco, Algeria and
Tunisia. The decision is expected to be made in 2010.
|Considering Project (New or Expansion)||Asad Umar||Chief Executive|