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Beginning of the second phase of reforms implementation

December 24th, 2024

The Algerian Investment Promotion Agency has embarked on the second stage phase of its reforms to foster the efficiency of the one-stop shop service and improve the land plots distribution process, said Tuesday the Agency’s Director General, Omar Rekkache.

In his remarks during the government meeting with Walis at the Palace of Nations, inaugurated by the President of the Republic, Abdelmadjid TEBBOUNE, Mr. REKKACHE stated, “We have effectively transitioned to the second phase of investment reforms after making significant progress and overcoming numerous obstacles.”

He added that “the time has come to accelerate the pace,” by establishing a truly operational one-stop shop system where investors can access all services in one place without the need to visit various administrations.

He also highlighted that the Agency is collaborating with various sectors, particularly housing and the environment, to amend regulatory provisions to enforce the principle of issuing permits through the Agency’s one-stop shops.

As part of these reforms, the Agency aims to enhance investment guidance by introducing multiple improvements to the evaluation grid. This was done in consultation with all key actors to ensure that “serious” investors with “viable” projects to the national economy can access land plots in a transparent framework, Mr. REKKACHE noted.

Furthermore, the Director General mentioned revising the operating method of the Agency’s board of directors, which comprises sectors involved in investment procedures, by raising the level of representation.

This board is tasked with identifying priority activities in each region and allocating land plots accordingly while ensuring that all Wilayas receive equitable opportunities for project establishment based on their specific characteristics.

Mr. REKKACHE praised the restored confidence of both local and foreign investors, attributing it to “strong political will translated into concrete actions on the ground.”

After successfully “putting the train on track,” the Agency has set higher goals, aiming to realize 20,000 investment projects over the next five years. This involves continuing efforts to strengthen investor confidence and support project holders, Mr. REKKACHE added.

Achieving this target requires genuinely addressing investor concerns, providing economic land, and leveraging the authority granted by the President of the Republic to the Agency for exploring land plots and creating new industrial and activity zones. This effort requires an average of 5,000 hectares of prepared land annually, according to Mr. REKKACHE.

On another note, the Agency has focused on empowering local authorities to play a pivotal role in attracting investment projects aligned with the unique characteristics of each Wilaya. “Model structuring projects have been directed across several Wilayas as part of this consultative policy,” said the Director General.
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Algerian Production Exhibition

December 21st, 2024

As part of the ongoing follow-up on successful investment projects that benefited from the Agency’s accompaniment, the Director General, Mr. Omar REKKACHE, with executives from the central administration, visited the 32nd edition of the Algerian Production Exhibition on December 21st, 2024 . During his visit, he explored various pavilions showcasing projects that have recently benefited from tax and parafiscal incentives, as well as allocated land plots.

He began his tour at the pavilion of “IRIS,” where the progress of the black carbon production project in SETIF was highlighted. He also visited the pavilion of “WAFA,” which presented an update on the advancement of the paper production project in AIN OUSSARA.

The Director General also visited the DIVINDUS group to inquire about the progress of the desert cabin-manufacturing project.

In this context, the Director General expressed satisfaction with the significant development of these projects, which have made tangible progress on the ground.

Furthermore, he visited the pavilion of “FABS” for school supplies, where he reiterated the Agency’s commitment to supporting projects in this sector to meet national market needs by establishing dedicated industrial hubs.

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The 1st Edition of the National Meeting of One-Stop Shops’ Directors

December 14th 2024

The Algerian Investment Promotion Agency organized, on Saturday, December 14th, 2024, the First Edition of the National Meeting of One-Stop Shops’ Directors from all the Wilayas of the country. The event was held under the theme: “For Greater Efficiency in Serving Investment and Investors” at the headquarters of the National Housing Bank in Algiers.

The meeting, inaugurated by the Director General, Mr. Omar RAKKACHE, was attended by the Representative of the Prime Minister and Chairman of the Agency’s Board, Mr. Youcef ATIK, along with the Director General of Customs, Major General Abdelhafid BAKHOUCHE, the Director General of Taxes, Ms. Amel ABDELATIF, the Director General of the National Domains, Mr. Abdelrahman KHIDI, representatives of ministerial departments, heads of professional associations, public corporate groups, as well as Algerian and international experts.

In his opening speech, the Director General emphasized that this meeting “comes as part of ongoing efforts to enhance the Agency’s competence, which has made significant strides in improving its services and performance. This meeting will constitute the launch of a permanent tradition of consultation, performance evaluation, accountability, and discussing ways to improve services provided to project holders.”

The Director General reaffirmed that this meeting “represents an important step in our journey towards contributing to the development of the investment system in Algeria and implementing the profound reforms made by the President of the Republic, aimed at making Algeria a distinguished destination for both national and foreign investments.”

In this regard, the Director General stated that “the upcoming phase requires greater mobilization and intensified efforts to facilitate the act of investing and attract new investments that effectively contribute to achieving the ambitious goal of implementing 20,000 investment projects on the ground in the medium term.”

The program of the meeting included the presentations of: Ms. Khaoula MOSTEFAI, representing the Agency, on the current state and aspirations of the One-Stop Shops, Mr. Kamal KHEFFACHE, a member of the High National Commission for Investment Appeals, on the Commission’s role, the International Expert Salim SAIFI, on best practices for regional investment promotion and the International Expert Myriam SAFR, presenting a comparative study on one-stop shops.

The event also provided an opportunity to honor:

  • Mr. Khaled BOUGUERRA, former Director General of the Investment Promotion, Support, and Follow-Up Agency.
  • Mr. Abdelmadjid BAGHDADLI, former Director General of the National Investment Development Agency.
  • Several other One-Stop Shops Directors and central executives.

On this occasion, the Director General announced the launch of the annual “Excellence Award: Best One-Stop Shop” as a new step towards enhancing a spirit of competition and innovation. This award aims to encourage excellence and competition among one-stop shops across various Wilayas. The award will honor the one-stop shop that demonstrates outstanding performance in serving investors, accelerating procedures, and innovating solutions to challenges. This annual tradition will promote fair competition and inspire all to deliver their best efforts in advancing the national economy.

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The Agency participates in the 3rd Edition of the African Startup Conference

December 7th 2024

The Algerian Investment Promotion Agency, represented by Ms. Imane TOUMI, Director at the Agency, participated in a panel discussion on strengthening economic relations between Algeria and Ethiopia. The discussion took place on December 6th, 2024, on the sidelines of the third edition of the African Startup Conference, held in Algiers from the 5th to the 7th of December, 2024.

This discussion brought together representatives of the Ethiopian Chamber of Commerce and Sectoral Associations, along with business leaders from both countries, to explore opportunities for cooperation and investment in key sectors.

Participants also reviewed the current state of economic relations to identify potential areas of collaboration and discussed strategies to enhance trade, investment, and knowledge exchange between Algeria and Ethiopia.

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The Agency participates in ANIMA’s General Assembly

December 6th, 2024

As part of activating its membership in the Euro-Mediterranean Network for Investment Promotion Agencies ANIMA, the Algerian Investment Promotion Agency, represented by Mr. Abderezzak HAMMADI, director at the Agency, participated in the General Assembly and Annual Conference held in Marseille on the 3rd and 5th of December, 2024.

This event brought together key operators in the field of investment in the Mediterranean region, providing a unique platform for exchanging visions on economic prospects and cooperation opportunities.

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The Agency participates in the Algeria-South Africa Economic Forum

December 6th 2024

The Algerian Investment Promotion Agency participated in the Algeria-South Africa Economic Forum, held in Algiers on the occasion of the state visit carried out by the President of the Republic of South Africa, Mr. Matamela Cyril RAMAPHOSA.

The forum, which was organized by the Ministry of Commerce in coordination with the Algerian Economic Renewal Council, saw the participation of business leaders and economic operators from both countries active in various sectors. 

During this event, the representatives of the Agency provided a presentation on Algeria’s investment climate and the available investment opportunities.

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Investment and Economic Diversification :
Dialogue around the experciences of Central Europe

December 3th 2024

The Algerian Investment Promotion Agency, in collaboration with the European Union Delegation in Algeria and in coordination with the embassies of Hungary, Poland, and the Czech Republic in Algeria, organized a forum on Tuesday, December 3rd, 2024, at the Mariott Hotel in Bab Ezzouar, Algiers. The forum was held under the theme: “Investment and Economic Diversification: Dialogue around the experiences of Central Europe.”

The opening of the forum, which is part of the “Algerian-European Sustainable Investment Partnership” project, was overseen by the Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE; the EU Ambassador to Algeria, His Excellency Mr. Diego Mellado PASCUA; the Hungarian Ambassador to Algeria, His Excellency Mr. Goban Levente SZARKA; and a representative of the Ministry of Foreign Affairs, National Community Abroad, and African Affairs, Mr. Arezki YAHIAOUI.

The Director General of the Agency, in his opening speech, highlighted the context of  this meeting, emphasizing its significant importance for our country, which continues to implement profound and comprehensive economic reforms aimed at improving the investment climate and enhancing the attractiveness of the national economy to both local and foreign direct investments.

He also recalled the deep reforms that have affected the legal framework for investment, driven by the conviction and awareness of the President of the Republic that economic diversification and the transition towards a strong and sustainable economy require a transparent and attractive investment environment built on trust and effective partnership.

For his part, the European Union Ambassador to Algeria praised the Algerian-European partnership, describing it as “strong” and highlighting that “the European continent is currently the largest customer of Algerian gas and the primary investor in Algeria.” In the same context, he emphasized that joint investments between Algeria and Europe must “align with the energy transition currently being pursued by EU countries.”

The representative of the Ministry of Foreign Affairs, the National Community Abroad, and African Affairs highlighted the importance of this meeting in showcasing Algeria’s potential and investment opportunities. He also noted that it serves as a platform for exchanging expertise among all direct parties by studying the economic transformation of some European countries.

The forum provided an opportunity for the exchange of views among various concerned parties, from both the private and public sectors, regarding the economic transformation in Central European countries over the past 35 years and how these experiences could be applied in Algeria. Algerian, Hungarian, Polish, and Czech experts and academics discussed the acquired experiences in the field of macroeconomic stability, attracting investments, and economic reforms, particularly in the financial sector, in Algeria and Central European countries.

The meeting also included the presentation of recommendations aimed at contributing to the achievement of the objectives set in the partnership agreement by strengthening economic cooperation between Algeria and European countries in all areas of mutual benefit.

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The 28th Edition of the World Investment Conference

November 27th, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, participated in the 28th Edition of the World Investment Conference held in Riyadh, Saudi Arabia, from the 25th to the 27th of  November, 2024. The event was attended by key global figures from both the public and private sectors, leading investors, representatives of international organizations, and actors in investment development, diversification, and promotion.

During the conference, Mr. REKKACHE engaged in several meetings with his counterparts from investment promotion agencies across the globe. These discussions focused on exchanging expertise and best practices, as well as promoting Algeria as a prime investment destination and highlighting the investment opportunities granted by our country. He also explored international cooperation opportunities to enhance the Agency’s staff efficiency and improving its overall performance.

On the sidelines of the conference, the Director General held a working session with Saudi Arabia’s Assistant Minister of Investment, HE Ibrahim BIN YOUSEF AL MUBARAK. The meeting discussed ways to strengthen cooperation in investment promotion, the status of Saudi investment projects in Algeria, and the provisions of an investment memorandum of understanding ratified by both parties, set to be signed at upcoming joint events.

In another significant engagement, the Director General participated alongside his counterparts in the General Assembly of the World Association of Investment Promotion Agencies (WAIPA). This session highlighted the ten countries, including Algeria that joined the association in 2024. Additionally, the assembly reviewed and approved the association’s 2025 work program.

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Prospection mission to three European countries

November 23th, 2024

As part of the implementation of the investment promotion program launched by the Ministry of Foreign Affairs, National Community Abroad and African Affairs, in partnership with the European Union, entitled the Sustainable Investment Partnership, the Algerian Investment Promotion Agency, represented by Ms. Khechai Iman, Head of Studies, participated in a prospection mission to Hungary, the Czech Republic, and Poland from November 18 to 23, 2024. The aim was to strengthen Algeria’s attractiveness as a promising investment destination and attract European direct investments to Algeria.

The first stop was Hungary, where a business forum was organized at the Hungarian Export Promotion Agency. The forum highlighted the recent economic reforms in Algeria, particularly those related to facilitating and promoting investment and the land concession law.

In the Czech Republic, the European Union Delegation, in cooperation with the Czech Chamber of Commerce and Industry, organized a high-level seminar entitled ‘Incentives for foreign investment in Algeria’. The event was attended by the State Secretary of the Ministry of the industry and Trade, as well as Czech and Algerian companies.

In Poland, efforts focused on a visit to the Katowice Special Economic Zone , and how the workflow is organized and managed there . A field trip to the Roha Industrial Zone was conducted, including a tour of a leading aluminum manufacturing plant. The visit was used to highlight Algeria’s competitive advantages.

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The Agency receives The National Caravan “A Younth, an Idea”

November 20th, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received  On Wednesday, November 20th , 2024, a delegation from the National Caravan “A Younth, an Idea”, led by its General Coordinator, Mr. Anis BEN TAYEB.

The meeting was an opportunity to present the Agency’s various services and explain how to acquire economic land, particularly for young entrepreneurs and owners of small and medium-sized enterprises.

 On this occasion, the Director General praised the efforts of the National Caravan, which is empowered by its young talents, in promoting and supporting entrepreneurship. He also reaffirmed his full support for the caravan in achieving its set objectives.