Tunisia has landed a significant foreign direct investment in advanced technologies, with Chinese firm Taiking Electronics selecting the country as its first production base outside of China. The announcement came Monday following a meeting between Economy and Planning Minister Samir Abdelhafidh and a delegation from the company.
Led by Executive Director Moli Chen and General Manager Kurt Wong, the delegation confirmed that all preparatory phases of the project have been completed, including land acquisition. The new subsidiary, to be named Taiking Electronics Tunisia, will focus on precision mechanical industries, strategically targeting the manufacturing of components for electric vehicles and high-value-added electronic equipment.
The initial investment is valued at nearly 40 million Tunisian dinars and is expected to generate approximately 300 jobs in its first phase. Production will be entirely export-oriented, integrating the project into international value chains, particularly within the rapidly expanding electric mobility sector.
During the meeting, company officials outlined their strategic roadmap, emphasizing a commitment to international expansion driven by cutting-edge technology. They said Tunisia was chosen following in-depth studies that highlighted the country’s skilled workforce, geographic location, and favorable investment climate.
Minister Abdelhafidh welcomed the decision and reaffirmed the government’s commitment to supporting the project. He assured that relevant public agencies, including FIPA Tunisia and the Tunisian Investment Authority, would mobilize the necessary resources to ensure a swift and optimal launch of operations.
TunisianMonitorNews (NejiMed)
