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An announcement has recently been made by Sumitomo of Japan of a €14M investment in an electrical components facility in Tunisia creating an initial 2,000 jobs with the intention to grow to 5,000 jobs.
As part of an International Finance Corporation (IFC) engagement, Wavteq was contracted to support FIPA, Tunisia’s national investment promotion agency, with capacity building and overseas investment missions to Canada, China, and Japan. Sumitomo was identified as a strategic potential investor and was invited to an Invest in Tunisia seminar in Tokyo organized by Wavteq in December 2017. A follow-up meeting between FIPA and Sumitomo was facilitated by Wavteq to discuss in more detail the investment opportunities in Tunisia and alignment with the company’s FDI strategy.