The authorized industrial investments declined, during the first quarter of 2022, by 14.5 percent, after it experienced a sharp contraction in January and February of 2022, reaching the level of 36.9 percent, according to what was disclosed by the Agency for the Promotion of Industry and Renewal.
The value of investment intentions in the laboratory industries sector, during the first three months of this year, amounted to 619.1 million dinars (MD) compared to 724 MD in the same period last year.
It is noteworthy that investment intentions go through stages until it is transformed into a self-existing project, and specialists estimate it between two and three years after completing all administrative matters and obtaining licenses, especially obtaining bank financing and approval from the concerned authorities to obtain the granted tax privileges.
The sectoral distribution of investment intentions in the laboratory industries, in particular, shows a regression for most branches of the sector, as the rates of decline ranged between more than 6 percent and 85 percent.
According to the indicators of the Agency for the Promotion of Industry and Renewal, the authorized investments in the chemical industries decreased by 85 percent, to reach by the end of March 2022, an amount of 13.9 MD, compared to 93.3 MD in the same period of 2021.
Investment intentions in the building materials, ceramics and crystal industries decreased by 57 percent to reach, during the first quarter of 2022, a level of 18.4 MD, compared to 42.8 MD, in the same period last year.
In the same context, the authorized investments in the field of mechanical and electrical industries decreased, by the end of March 2022, to reach 198.4 MD, compared to 259.4 MD at the end of March 2021 (a decrease of 23.5 percent), in addition to the slight decrease in the demand for investment in the field of food industries, which reached to 6.7 percent to reach a value of 212.1 md, compared to 227.4 md in the same period last year.
On the other hand, investment intentions in textiles and clothing recorded an increase of 20.4 percent to reach, in the first quarter of this year, 50.1 MD, compared to 41.6 MD in the same period last year.
The authorized investments in the leather and footwear industry also achieved a remarkable development, estimated at 15.5 MD, compared to 9.6 MD between the first quarter of 2022 and 2021.
The largest share of the increase in investment intentions is due to the various industries sector, whose value increased from about 50 MD to 110.7 MD between the first three years of 2021 and 2022.
It is evident from the data of the Agency for the Promotion of Industry and Renewal that investment intentions in the field of services related to the industrial sector witnessed a remarkable development, reaching 67.6 percent, reaching, by the end of the first quarter of this year, 316.9 MD, compared to 189 MD, in the same period of 2021.
According to the type of investment, the data showed a decline in new coordinates by 26 percent, to reach, at the end of the first quarter of this year, 210,5 MD, compared to 284.5 MD, in the same period of 2021.
According to the investment system, investment intentions in industrial projects totally oriented to export rolled by 28.6%, reaching 230.7 MD at the end of the first quarter of 2022, compared to 323 MD in the same period in 2021.
The authorized investments in the regional development areas (which received tax concessions) decreased by 36 percent to reach 297.7 md, compared to 465 md in the same period in 2021.