The officials of the Chinese international investment company “Asia Potash” expressed their interest in investing in the mining sector in Tunisia, in particular phosphate in the governorate of Kef, as well as in the construction of a mining industrial complex.
During a meeting in Tunis with the director general of the external investment promotion agency, Jalal Tabib, the officials of the Chinese company anticipated an extraction of a million tonnes of phosphate in a first phase, reaching 8 million tonnes in the medium term, with an investment of around 800 million US dollars, according to a press release published on Friday by the external investment agency.
“Asia Potash” is a company specializing in the exploitation of potassium, the development of the agricultural sector, and a work for the development of the phosphate industry around the world.
The field of action of “Asia Potash International Investment” also includes the international transport of bulk goods, such as coal and iron ore, as well as logistics services.
The Chinese delegation, led by Yu Baoli, vice-president of the Department of Industrial Development, and Huo Meng Faimen, director of mining development investments, met the Tunisian official.
For his part, the director general of the external investment agency, praised the Chinese group’s choice to invest in Tunisia in a mutually advantageous partnership, stressing Tunisia’s commitment to support foreign investors, according to the agency’s press release.
He also presented a general overview of foreign investments in Tunisia, highlighting the presence of Chinese companies and the advantages offered by Tunisia for foreign investments, according to the same source.
