Monthly Archives: September 2024

September 30th, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received on September 30^th, 2024, the CEO of the Kuwait International Factory, Mr. Talal Moukhlid Al-BURAIEAS, accompanied by Mr. Nasser AL-AJMI, a Board Member, in the presence of officials from the Agency.

The meeting was an opportunity to express the company’s intention to invest in Algeria in the chemical industry field, noting that it is a leader in the field in several countries around the world, such as the Gulf countries, Jordan, Syria, India, Pakistan, Tanzania, Ghana, Ivory Coast, and Senegal.

September 27th, 2024

A delegation from the Agency, comprising Mr. Mahfoud OGBA, Director, and Ms. Manel BOURAHLA, an officer at the Agency, participated in the Agriculture and Fisheries Expo held from the 21^st to the 25^th of September, 2024, on the island of Ortigia, Sicily, Italy. This event concurred with the G7 Ministers’ Meeting on Agriculture and Fisheries, held on September 26^th, 2024, and attended by the Minister of Agriculture and Rural Development, Mr. Youcef CHORFA. 

The Agency’s delegation, accompanied by the Deputy Consul General and an officer from the Economic Affairs Department at the Consulate in Naples, took part in prospecting meetings with 19 exhibitors, including government institutions, professional organizations, and institutions active in agriculture, fisheries, aquaculture, and beekeeping.

In addition to the meetings at the expo, at the suggestion of Mr. Araldo Mattiei, the Agency’s delegation met with the Director General of CAMPISI, specializing in tuna canning. They also held a webinar with the two Executive Directors of FEMOGAS, which is originally an agricultural company and has expanded its activities into biogas production. This meeting was held at the Sonatrach Refinery in Augusta, proposed and attended by senior officials from the national company. Following the meeting, the delegation conducted a field visit to various technical facilities of the refinery.

Throughout all the meetings, the Agency’s delegation listened to explanations offered by representatives of various bodies and institutions, particularly regarding investment strategies outside of Italy. The Agency’s delegation, in turn, presented the opportunities, potential, and incentives measures of investment in Algeria.

September 26th, 2024

The Algerian Investment Promotion Agency, represented by Mrs. Razika SABOUNI, head of studies at the Agency, participated in an international seminar on “Modernizing the Business Climate and Supporting and Protecting Investment,” organized by the Tunisian Ministry of Economy and Planning in collaboration with the German Foundation for International Legal Cooperation (IRZ), on the 24^th and 25^th of September, 2024, in Tunis.

The seminar was an opportunity to exchange experiences and expertise in improving the business climate and promoting investments, focusing on strategies to strengthen the legal protection for investors and mechanisms to support the private sector.

During the seminar, the Agency’s representative gave an in-depth presentation on Algeria’s investment experience, highlighting the major economic reforms initiated by the President Abdelmadjid TEBBOUNE since 2020. These reforms primarily aim to build a dynamic, robust, and resilient economy capable of withstanding shocks, with diversification as a fundamental pillar of the new economic model. The representative emphasized that investment is a key element in achieving this model, noting the efforts made to simplify investment procedures and create an encouraging economic environment for both local and international investments.

The representative also presented the incentive system designed to promote investment in Algeria, which includes a number of guarantees and facilitation measures established under the major economic reforms.

Furthermore, she showcased Algeria’s experience in simplifying and facilitating procedures and fighting all forms of bureaucracy through the establishment of the Investor’s Digital Platform. This platform serves as the official and exclusive means to display land intended for investment projects and to manage related requests.

The Algerian experience obtained significant interest from participants, particularly regarding the allocation of land through the digital platform. The effectiveness of this mechanism in facilitating access to investment-intended land was highlighted, enhancing transparency and ensuring equal opportunities among investors. Participants praised this innovative step, which contributes to improving the business climate and accelerating the implementation of investment projects.

On the sidelines of the seminar, the representative of the Algerian Investment Promotion Agency visited the headquarters of the Foreign Investment Promotion Agency (FIPA) as well as the Tunisian Investment Authority (TIA). The discussions focused on the agencies’ experiences in attracting investments and exchanging ideas on best practices and current trends in the investment sector.

September 21th, 2024

Within the framework of implementing the program to promote european investments in Algeria, initiated by the Ministry of Foreign Affairs and the National Community Abroad in collaboration with the European Union delegation in Algeria, the Algerian Investment Promotion Agency, represented by Ms. Sihem KORCHI, a director in the Agency, participated in a prospecting  mission to Sweden and Finland, from the 16^th to the 20^th of September 2024, aimed at showcasing the investment climate in Algeria.

This mission is part of several prospecting trips, following those organized in Belgium, Portugal, and Italy.

The mission was organized under the EU-Algeria Sustainable Investment Partnership (SIP) project, funded by the European Union, in partnership with the consulting firm “Sofreco” (responsible for project implementation), the Algerian Investment Promotion Agency, and the embassies of Algeria in Sweden and Finland, as well as the embassies of Sweden and Finland in Algeria.

On the sidelines of this mission, the embassies of Algeria and Finland coordinated with the Finland Chamber of Commerce to hold a webinar showcasing “Success Stories” of Algerian-Finnish projects in Algeria. In this context, the representative of the Agency presented an overview of the investment system and opportunities in Algeria.

September 18th, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received, on Wednesday September 18th, 2024, Her Excellency Ms. Katrine FROM HØYER, Ambassador of Denmark to Algeria, accompanied by the economic advisor from the embassy, in the presence of the Agency’s officials.

The meeting focused on presenting the investment system in Algeria and the role of the Agency in supporting and monitoring investment projects, particularly those that replace imports.

Opportunities for investment in Algeria were discussed, along with ways to exchange experiences between Algerian and Danish companies, especially in sectors that are viable to the national economy.  Additionally, preparations were made for an exploratory mission to Denmark, where a delegation representing various sectors will meet with active Danish companies in relevant fields, investment funds, and professional associations, scheduled for the second half of October.

September 18th, 2024

As part of the series of expert meetings organized under the project to promote European investments in Algeria, initiated by the Ministry of Foreign Affairs and the National Community Abroad in collaboration with the European Union, a discussion session entitled “Algeria’s Integration into Global Value Chains” was held on Wednesday, September 18th, 2024, at the headquarters of the Algerian Investment Promotion Agency.

The session was opened by Mr. Omar REKKACHE, Director General of the Agency, and attended by His Excellency Mr. Björn HÄGMARK, Ambassador of Sweden to Algeria. The event saw participation from various ministerial departments, The National Economic, Social and Environmental Council (CNESE), The Algerian Economic Renewal Council (CREA), and representatives from the European Union delegation in Algeria.

This session included two presentations:

1. Ms. Assia ZAAROUR, Director General in charge of Industrial Investment, small and medium-sized enterprises at the Ministry of Industry and Pharmaceutical Production, presented on “Prospects and Opportunities for Integrating the Algerian Economy into Global Value Chains.”
2. Mr. Marc LAUTIER, an international expert on value chains, presented on “Concept and Analysis of Value Chains.”

The session was enriched by several high-quality interventions from both Algerian and foreign experts, who highlighted the prospects and the potential for integrating the Algerian economy into global value chains, given Algeria’s human, natural, and material resources, as well as the incentives offered that qualify it to attract foreign investments in partnership with major global companies.

September 6th, 2024

The Algerian Investment Promotion Agency, represented by Mr. Abderrezak HAMMADI, a director in the Agency, participated in the 4th Summit of the  China-Africa Cooperation Forum held from the 4th to the 6th of September in Beijing, China.

The Summit focused on holding several meetings with Chinese and African business leaders to enhance exchanges in the field of investment and economic cooperation. During these meetings, detailed clarifications were provided on the investment climate in Algeria, highlighting recent reforms and incentive measures. In addition, investment opportunities were presented in several strategic sectors.

For reference, the Minister of Foreign Affairs and the National Community Abroad, Mr. Ahmed ATTAF, representing the President of the Republic, participated in the Summit, where the discussions focused on ways and prospects to strengthen the partnership between African countries and China, both in terms of intensifying intra-African trade and increasing the volume of Chinese investments in the African continent, or in terms of doubling the support directed to Africa to enable it to respond more effectively to the various challenges it faces in the field of peace and security.