October 25th, 2024
As part of the ongoing implementation of the investment promotion program launched by the Ministry of_Foreign Affairs_and_the_National Community Abroad in collaboration with the European Union, entitled Sustainable Investment Partnership, the Algerian Investment Promotion Agency, represented by Mrs. Imane TOUMI, Director, participated in a prospection mission to Denmark from October 22 to 24, 2024, aiming at attracting direct European investments to Algeria.
The mission was kicked off by a meeting at the Danish Ministry of Foreign Affairs to learn about Denmark’s strategy for investing in Africa. Several other meetings followed, with companies, professional organizations, and investment funds operating in the fields of mechanical engineering, well services, healthcare, food industries, renewable energy, construction materials, and mining. These meetings focused on providing a comprehensive overview of the recent updates and reforms to Algeria’s business climate, highlighting the guarantees and incentives outlined in the Investment Law, as well as explanations regarding economic land concessions granting through the digital investor’s platform, and investment opportunities in Algeria.
This sixth mission of its kind was marked by the participation of a delegation composed of the Agency’s representative, H.E. the Algerian Ambassador to Denmark, H.E. the Danish Ambassador to Algeria, representatives from the EU Delegation in Algeria, the Ministry of Industry and Pharmaceutical Production, the Ministry of Agriculture and Rural Development, Sonatrach and the Algerian Council for Economic Renewal (CREA), along with an expert from Ginger Sofreco.
