The Italian automotive equipment manufacturer Sabelt, which employs 400 people at five sites, plans to set up a plant specialising in the production of safety devices in Tunisia, the Foreign Investment Promotion Agency (FIPA) announced in a press release published last week.
A delegation of Sabelt executives led by the company’s executive vice-president and general manager, Massimiliano Marsiaj and Giulio Graziano, paid a fact-finding visit to the country, where they met with FIPA’s general manager, Jalel Tebib, to discuss the feasibility of the project, according to the same source.
On this occasion, Mr Tebib confirmed FIPA’s readiness to ‘accompany the Italian company and support it in all the steps it needs to bring this project to fruition in Tunisia under the best possible conditions’.
Tunisia’s automotive industry comprises more than 250 companies, 67% of which export their entire production. It employs more than 100,000 people, including around 15,000 engineers, and exports are worth more than 5 billion dinars ($1.67 billion).
The sector’s development has been boosted by partnerships forged with several European countries, including France, Germany and Italy. Located at the gateway to Europe, Tunisia has created a highly attractive business environment for foreign investors in the manufacture of automotive components since the 1990s.