Current confidence amongst the investing British public has hit record lows. With many investors shying away from investing into UK property and financial sectors the time to invest abroad and particularly outside the EU has never been better. When the Chancellor of the country publically pleads for investors to keep their funds in the country it should seriously start ringing alarm bells.
Tunisia is an excellent market to invest in, not only from the point of view that it is the newest emerging market out there or the fact that its economy has never been stronger. Just this month Airbus announced that it was opening an airplane building plant in Tunisia and the fact that the biggest Dubai developers are investing billions has already been widely publicised.
With strong ties to other Arab countries, particularly those in the Gulf, the Tunisian economy does not rely on the cash-starved European markets to invest in the country. We are seeing more and more interest from investors in the UAE, Bahrain, Saudi Arabia and Iran looking to invest in this booming economy. Being well publicised in those nations as a strong and safe economy, the future for Tunisia is looking great for investors from these regions and for any savvy investors from Europe who are coming to terms with the facts that the relative prosperity and stability seen in Europe over the past few years is now well and truly over.
Other countries in Northern Africa are still attracting interest albeit at a much slower pace than they were in recent months and years. Other worldwide markets are still receiving some interest. However, where else can you invest in a booming economy, voted the most stable in all of Africa and the Middle East (World Economic Forum 2007 report) whilst at the same time being on Europe’s doorstep with flight times of 2 – 3 hours or less from most European capitals?
Investors now have a choice, they can sit on the sidelines and watch the market boom like it did in Morocco four years ago or they can invest in a safe, stable economy unaffected by the credit crunch and the woes of the financial markets.