Public Management

Tunisia sets a threshold for land acquisition by foreigners

Thursday, 07 June 2018 16:47

In Tunisia, land acquisition by foreign investors has been limited to TND200 million in value. The estates minister Mabrouk Korchid (photo) reported.

This strategy aims at preserving native Tunisians' access to land. “We have no intention of selling agricultural or social housing assets to foreigners [...]. We will adopt measures to protect the poor class,” the minister said, according to comments relayed by African Manager.

Furthermore, the official indicated that his ministry has established a target-based management body to address the situation related to real property built on federal lands, in good faith.

It should be noted that under this threshold strategy, foreigners still retain the right to acquire land (except social housing and agricultural properties).

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