Tunisia is poised for a significant industrial transformation following the approval of $110 million by the African Development Bank on January 28, 2026. This funding is allocated to the Environmental Upgrading and Rehabilitation Project of Groupe Chimique Tunisien (GCT), which is the country’s leading chemical group.
The primary goals of this project include:
- Modernizing GCT’s infrastructure
- Improving environmental standards
- Increasing production efficiency
With this financial boost, GCT aims to enhance its operations to meet international environmental requirements and contribute to Tunisia’s economic growth. This initiative represents a vital step in Tunisia’s commitment to sustainable development and industrial modernization.
The African Development Bank’s investment highlights the significance of supporting African industries to foster:
- Economic resilience
- Environmental sustainability
This modernization effort is expected to:
- Secure jobs
- Promote industrial innovation
- Improve the chemical sector’s competitiveness in the global market
Both the Tunisian government and GCT management have expressed their support for the investment and their commitment to using the funds effectively to maximize benefits for the country. Moreover, the project reflects the increasing collaboration between Tunisia and international financial institutions in supporting development projects aligned with environmental protection goals.
About The Author
