Monthly Archives: August 2024

August 28th, 2024

The Algerian Investment Promotion Agency and the Wilaya of Constantine organized an Investment forum on Wednesday, August 28th, 2024, at the conference hall of the Wilaya, located in the Daksi district. The event was held under the slogan: “Constantine: A Promising Economic Hub with Multiple Investment Opportunities.”

The opening session was chaired by the Director General, Mr. Omar REKKACHE, and the Wali of Constantine, Mr. Abdelkhalek SAYOUDA, with the presence of the Walis of Oum El Bouaghi, Mila, Jijel, and Sétif, as well as directors general, managers of public and private enterprises, representatives from ministerial departments and state institutions, economic operators, professors, researchers, and experts.

In his opening speech, the Director General of the Agency emphasized the major importance the President of the Republic places on investment, convinced that building a strong and solid economy, creating wealth and jobs, contributing to social well-being, and strengthening state sovereignty will only be achieved by improving the investment climate, unleashing initiative, and providing all the working conditions necessary for the success of this process, which fundamentally revolves around enterprises, especially those in the private sector.

In this context, the Director General presented statistics showing the progress made by the Agency in promoting investment and supporting investors. He noted that the Agency’s services registered 8,920 investment projects from November 1st, 2022, to August 22nd, 2024, with a declared investment amount of approximately 4,000 billion dinars. He added that, according to the projects holders commitments, around 220,000 direct jobs are expected to be created, not including major projects that have already been formalized through signed agreements such as the “Baladna” project, the Algerian-Qatari-German hospital, the partnership project with the Italian group BF, and hundreds of other projects currently under negotiation for final registration.

He affirmed that this is a strong indicator that we are on the right track and at the beginning of a new era based on the trust of economic operators, whose involvement in this development process positively influences the image of investment in our country.

In this regard, he mentioned the registration of 165 investment projects involving foreigners, including 61 direct investments and 104 in partnership with local operators.

The Director General also highlighted the support provided to ongoing and pending investments, assuring that the Agency has granted, from November 1st, 2022, to August 22nd, 2024, 1,533 extensions of deadlines specified in the advantages granting decisions, to help these projects move towards operational status, given that most projects are in the final stages of completion.

Moreover, the Director General emphasized the Agency’s determination to move forward with the following objectives:

• Continue improving the performance of the Agency’s staff and modernizing work tools;
• Digitize and simplify procedures;
• Strengthen communication channels, listen to investors, and address their concerns;
• Enhance the economic land offer portfolio;
• Demonstrate transparency and combat all forms of bureaucracy, nepotism, and corruption;
• Support investments that are viable for the national economy.

The forum also included a discussion session where numerous concerns and questions from investors were addressed, with solutions provided by the Director General.

At the end of the meeting, final concession granting decisions were distributed to investors from the Wilayas of Constantine and Mila, covering sectors such as pharmaceutical production, water pump manufacturing, seafood and crustacean canning.

August 20th, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, has received, on Tuesday 20^th,August, 2024, His Excellency the Ambassador of the Republic of Indonesia to Algeria, Mr. Chalief AKBAR, along with a delegation from PT PUPUK INDONESIA, a leading company in the fertilizer industry, ranked fourth in Asia and Africa and tenth globally. The delegation was chaired by the Director of Portfolio and Business Development. Mr. Jamsaton NABABAN.

The Indonesian delegation’s visit to Algeria falls within the framework of exploring investment opportunities, and discuss the company’s plans to launch major investment projects, particularly in the fields of phosphate and fertilizer production. They also explored the possibility of establishing partnerships with national companies working in the same sector.

During the meeting, the investment advantages and incentives offered by Algeria were presented.

August 11th, 2024

Within the framework of strengthening the communication and consultation policy with partners, organizations and professional associations, the Director General of the Agency, Mr. Omar REKKACHE, received, on Sunday, August 11th, 2024, a delegation from the National Economic Development Organization (ONDE), led by its President, Mr. Nasrddine Mounir ROUBAI.

The meeting was an opportunity for the delegation to present a series of concerns and questions from some economic operators regarding investment procedures, project implementation, and the modalities for granting economic land via the Investor’s Digital Platform.

In this regard, the President of the Organization highlighted the progress of the Agency’s work, particularly in the area of digitizing procedures and assisting economic operators.

For his part, the Director General affirmed the Agency’s commitment to involving operators, organizations, and associations in reforms through information exchange and valuing their relevant proposals.

August 7th, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received, on Wednesday, August 7^th, 2024, a delegation from the Algerian Center for Economic Foresight, Investment Development and Entrepreneurship (ACEFIDE), led by its President, Mr. Akram ZIDI.

The meeting provided an opportunity to address the delegation’s questions regarding investment procedures and how the Agency accompanies investors in implementing their projects. It also included an explanation of the modalities for granting economic land exclusively via the Investor’s Digital Platform.

During the meeting, the President of the Center praised the efficiency with which the Algerian Investment Promotion Agency is registering projects, assisting investors, and digitizing the process of granting economic land to ensure transparency and complete reliability in managing this process.

In conclusion, the Director General reaffirmed the Agency’s commitment to coordinating and collaborating with all operators and partners to enhance the investment climate and ensure the success of related economic reforms.

August 5th, 2024

Within the framework of strengthening the communication and consultation policy pursued by the Agency with partners from Employers’ Organizations and Professional Associations, the Director General of the Agency, Mr. Omar REKKACHE, received, on Monday August 5^th, 2024, the President of the Algerian Confederation of Citizen Employers (CAPC), Mr. Rahmoune ZERGOUNE, accompanied by members of the Confederation’s Executive Council.

The meeting was an opportunity to answer the questions and concerns of the affiliate economic operators related to investment procedures, as well as discussing ways of establishing cooperation mechanisms for the exchange of information and proposals of the Confederation aimed at improving the business climate.

The Director General also met with the President of the Algerian Confederation of Employers (CAP), Mr. Tahar BOUZID, along with members of the Confederation’s Executive Council, who presented, during this meeting, proposals of the Confederation aimed at simplifying the procedures. Additionally, he raised some concerns expressed by the Confederation’s affiliate members regarding the clearance of previous files related to economic land.

The Director General also had a meeting with the Head of the Executive Office of the National Organization for Economic Development, Entrepreneurship and Youth Promotion, Mr. Mohamed Hassan BLIDI, accompanied by the Secretary General, where he was introduced to this organization and the contribution it can make within the framework of achieving the goals set within the reform of the investment scheme and means of cooperation with the Agency.

August 4th 2024

The Algerian Investment Promotion Agency and the wilaya of Saida organized, on Sunday, August 4th, 2024, at the wilaya’s conference room located in Haï El Bordj, a forum on investment under the slogan : “Wilaya of Saida : Great Qualifications, Many Opportunities and Promising Prospects”.

The forum’s opening was chaired by the Director General of the Agency, Mr. Omar REKKACHE, and the Wali of Saida , Mr. Amoumene MERMOURI, in the presence of the Walis of El Bayadh, Tiaret, Mascara, Sidi Belabbas and Naama, as well as general managers and officials of public and private institutions, representatives of ministerial departments and state institutions, economic operators, university professors, researchers and experts.

In his opening speech, the Director General of the Agency noted the attention paid by the President of the Republic to the wilaya of Saida, recalling the instructions he gave during his visit to the Algerian Investment Promotion Agency’s pavilion at the 55th edition of the Algeria International Fair (FIA 2024), about the need to work to ensure that Saida has major projects.

In this regard, the Director General stressed that the Agency seeks to embody many projects in the activity zone, the tourism expansion zone, and the industrial zone.

On the other hand, in his presentation of the latest statistics of the Agency, the Director General revealed that since the launch of the Investor’s Digital Platform on February 08th, 2024, 508 real estate assets have been offered at the level of 43 wilayas, and the total number of applications, until August 02nd, 2024, amounted to 2340, after which 332 temporary granting decisions were given, 108 of which became final decisions after completing the registration process, while 9 beneficiaries were recorded to have waived the decisions due to unreadiness, while no application was registered for 81 assets posted via the platform in some regions.

As for the projects registered at the Agency’s level, the Director General revealed that in the period from November 1st, 2022 to July 31st, 2024, they amounted to 8,465 projects with a total declared amount of approximately 3,840 billion dinars, and it is expected to create about 210,000 direct jobs. Among these projects, 154 projects are linked to foreigners (55 will be foreign direct investment and 99 projects in partnership between local and foreign operators of various nationalities).

For his part, the Wali of Saida pointed out the potentials that the Wilaya abounds in various fields, especially industrial, agricultural and tourism.
In the same context, he also prized the investment opportunities in Saida, as well as the available potentials, especially in the fields of energy, water, roads, landscaped assets, tax and quasi-tax facilities for the benefit of the Highlands’ wilayas, of which Saida is a unique example due to the considered qualifications that it has.

On the sidelines of this event, four (4) final decisions for concession acts were handed over to investors in the field of battery industry, waste valorization, oil mill and ready-mix concrete industry.