Posts in category: aapi-en

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.

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.