Swiss electronics subcontractor Cicor has agreed to sell its production site in Borj Cédria, near Tunis, for about €1.3 million, ending its industrial presence in Tunisia.
The facility employs around 100 people and produces electronic modules and cable assemblies for industrial and medical applications.
The company said it will instead concentrate all its North African operations in Morocco, at its sites in Berrechid and Temara.
The move comes as foreign investment in Tunisia has declined in recent years. Average annual foreign direct investment inflows fell from about $974 million in the 2014–2018 period to roughly $728 million between 2019 and 2023.
Tunisia accounts for around 1.8% of foreign direct investment flows into North Africa.
Industrial activity has also contracted, with 545 industrial companies closing between 2019 and 2023 and 146 firms shutting down in a recent one-year period, according to industry data. Some of these closures involved export-oriented firms and companies operating in partnership with foreign investors.