Tunisia has approved a plan to invest nearly 525 million Tunisian dinars ($165 million) to significantly expand its phosphate production, aiming to increase output nearly fivefold by 2030, a local newspaper reported on Monday.
The five-year plan, set to begin in 2025, will raise annual phosphate production by 1.5 million tonnes, reaching approximately 8.5 million tonnes by 2030. The initiative follows a strong recovery in the phosphate industry over the past year, reversing years of decline.
According to Abdul Qadir Al-Ameedi, general manager of state-owned Compagnie des Phosphates et de Chemin de Fer de Gafsa (CPG), the investment includes TND 238 million ($76 million) for new equipment imports and TND 242 million ($78 million) for mine development.