October 14th, 2024
In continuation of the Investment Promotion Program’s implementation launched by the Ministry of Foreign Affairs and National Community Abroad in collaboration with the European Union, the Algerian Investment Promotion Agency, represented by Ms. Imane AHLOUCHE, Head of Studies at the Agency, participated in a prospecting mission to Austria from the 9th to the 13th of October, 2024, aimed at attracting European direct investments to Algeria.
On the sidelines of this prospecting mission, the delegation, consisting of the Agency’s representative, the Algerian and the Austrian Embassies representatives, as well as experts from the GINGER SOFRECO consulting firm, attended the opening of the International Machinery Forum IMF24 held in Vienna. The purpose was to meet representatives of Austrian institutions and companies operating in the industrial and service sectors.
The delegation also participated in working sessions at associations and companies active in the food industry, renewable energy, and paper manufacturing sectors. These meetings focused on providing a comprehensive overview of the updates and reforms to Algeria’s business climate, including the guarantees and incentives outlined in the Investment Law, clarifications on the available economic land via the Investor’s Digital Platform, and a presentation of investment opportunities in Algeria.
