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๐Ÿ‡น๐Ÿ‡ณ Tunisia /Economy & Trade

Chinese Firm Taiking Electronics Chooses Tunisia for First Overseas Production Unit

From La Presse · (12m ago) French Positive tone

Translated from French, summarized and contextualized by DistantNews.

TLDR

  • Taiking Electronics, a Chinese company, will establish its first production facility outside China in Tunisia.
  • The investment is valued at 40 million dinars and is expected to create around 300 jobs.
  • The new subsidiary, Taiking Electronics Tunisia, will focus on producing high-precision components for electric and electronic vehicles for export.

Tunisia is set to welcome a significant foreign investment with the establishment of Taiking Electronics' first production unit outside of China. This move by the Chinese company, valued at an initial 40 million dinars, promises to create approximately 300 much-needed jobs, signaling a positive step for the Tunisian economy.

The new entity, Taiking Electronics Tunisia, will specialize in the manufacturing of high-precision components for electric and electronic vehicles. Crucially, its entire production output will be destined for export, underscoring Tunisia's growing role as a manufacturing hub for international markets. This focus on advanced technology and export-oriented production aligns with Tunisia's economic development goals.

Le choix de la Tunisie rรฉsulte dโ€™รฉtudes approfondies ayant mis en รฉvidence ses atouts en matiรจre dโ€™investissement, de compรฉtitivitรฉ et de positionnement industriel.

โ€” Moli ChenMoli Chen, Executive Director of Taiking Electronics, explaining the company's decision to invest in Tunisia.

Tunisian officials, including the Minister of Economy and Planning, Samir Abdelhafidh, have welcomed the decision. The minister met with a delegation from Taiking Electronics, emphasizing the government's commitment to supporting the project and ensuring its smooth launch and development. The selection of Tunisia was reportedly based on extensive studies highlighting the country's investment advantages, competitive positioning, and industrial capabilities.

This investment is particularly noteworthy from a Tunisian perspective. It demonstrates the country's attractiveness to foreign investors seeking strategic locations for their global operations. The emphasis on advanced manufacturing and export markets positions Tunisia to further integrate into global supply chains, potentially boosting its economic resilience and technological advancement. The collaboration with a major Chinese firm also opens avenues for knowledge transfer and the adoption of cutting-edge technologies within the Tunisian industrial sector.

exprimant la disponibilitรฉ des structures publiques concernรฉes ร  accompagner le projet et ร  assurer les meilleures conditions pour son lancement et son dรฉveloppement dans les dรฉlais les plus courts.

โ€” Samir AbdelhafidhTunisian Minister of Economy and Planning Samir Abdelhafidh assuring support for the Taiking Electronics project.
DistantNews Editorial

Originally published by La Presse in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.