AIR & RAIL “SPIN-OFFS” IN TUNISIA
Posted on 08 March 2010
Tunisair and Société Nationale des Chemins de Fer Tunisiens (SNCFT – the Tunisian National Railways) have signed a joint agreement creating two “spin-off” companies. Minister of transport Abderrahim Zouari; minister of industry, energy and small and medium enterprises Afif Chelbi; Tunisair president and CEO Nabil Chettaoui, and Néjib Fitouri, SNCFT CEO Néjib Fitouri were present at the signing ceremony. In terms of these agreements, the two “spin-off” companies undertake to create an organisational structure, to develop an annual programme fixing the number and terms of spin-off projects, as well as the creation of investment funds for venture capital.
Minister Zouari stressed the importance of major national companies joining the spin-off programme, as this will boost investment and create jobs. Minister Chelbi recalled the objectives in this sector focusing on doubling the number of spin-off projects created from 100 to 200 per year, saying that “according to investigations carried out abroad, the chances of success of a new scheme will double if it is created within the framework of a spin-off project”.
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