Posts in category: aapi-en

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.

July 23^rd, 2024

Within the framework of enhancing technical capabilities and improving the efficiency of the Agency’s human resources, the Director General of the Agency, Mr. Omar REKKACHE, held a technical meeting, on Tuesday July 23^rd, 2024, with the Director General of the Korea Trade-Investment Promotion Agency in Algeria “KOTRA”, Mr. PARK MINJOON, and the Director General of the Korea International Cooperation Agency in Algeria “KOICA”, Mr. JANG BONGHEE.

This meeting, which was held in the presence of the Project Manager at the ILO office in Algeria, Mrs. Rasha BEJAOUI CHAOUCHE, a Representative of the Embassy of South Korea in Algeria, as well as a number of the Agency’s officers, discussed a general presentation on the Agency’s work program.

On the other hand, the discussions addressed the possibility of benefiting from training courses for the Agency’s officials, and ways for these two bodies to accompany the Agency in order to benefit from the South Korean experience in modernizing its working methods, especially through the development of services provided through the Investors Digital Platform.

July 22nd, 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received on Monday, July 22nd, 2024, the Ambassador of the Sultanate of Oman to Algeria, Mr. Saif Bin Nasser Bin Rashid Al BADAI.

The meeting was an opportunity to provide explanations about the investment system in Algeria and the role of the Agency as the pivotal body. The Director General also answered some of the Ambassador’s questions about the practical procedures for investments registration for Omani businessmen wishing to invest in Algeria, as well as the investment opportunities offered by our country.

July 14^th 2024

Upon the invitation of Mr. Kemal MOULA, President of the Algerian Economic Renewal Council, Mr. Omar REKKACHE, Director General of the Agency, accompanied the economic mission organized by the Council to Montreal, Canada, from the 7th to the 13th of July.

During this mission, which included 60 economic operators from public and private institutions, an economic forum attended by 170 businessmen was organized, during which the Director General delivered a speech in which he touched on a number of reforms carried out by our country in the framework of improving the business climate, as well as Algeria’s qualifications and capabilities, in addition to the incentives granted within the framework of the investment law.

The Director General also attended several programmed activities, including the important meeting that brought the mission together with economic operators from the Algerian diaspora in Canada, where many of them expressed their desire to invest in their homeland, where they were given full explanations about the steps to be followed in order to embody these intentions.

One of the important meetings was also the participation of the Director General, along with members of the Office of the Algerian Economic Renewal Council, in a meeting with officials of “Investissement Québec”.

The meeting discussed ways of cooperation in order to attract viable investments for the national economy, especially in the mining and agriculture sector, in which Canada has great experience.

June 27^th 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received, on Thursday June 27th 2024, His Excellency the Ambassador of the United Republic of Tanzania to Algeria, Mr. Iman S.Njalikai and the Executive Director of the Tanzania Investment Center (TIC) Mr. Gilead Teri.

During this meeting, the investment climate in Algeria under the new investment law was discussed, as well as ways of cooperation in the economic field between the two countries.

In this context, the Tanzanian side expressed its desire to benefit from the Agency’s experience in the field of investment promotion and granting economic lands through the Investor’s Digital Platform.

The parties also discussed the possibility of organizing business forums in both countries, as well as the acceleration of the finalization of the Understanding Memorandum between the Algerian Investment Promotion Agency and his counterpart Tanzania Investment Center.

June 27^th 2024

Mr. Omar BOUBEKER, Director of the decentralized one-stop shop of Sidi Belabbas, participated in the activities of the Algerian – Belgian Economic Forum in Brussels, Belgium, Thursday, June 27th, 2024.

The forum, organized in partnership between the embassy of Algeria in the kingdom of Belgium and the Arab-Belgian-Luxembourg Chamber of Commerce (ALBCC), was attended by the Algerian Ambassador and the Algerian Consul General in Brussels, as well as the president of the Brussels Chamber of Commerce and Industry (BECI), in addition to an important number of Belgian investors interested in investing in Algeria.

In the same context, the representative of the Agency participated on the sidelines of this forum in a meeting with investors from the Algerian community residing in Belgium, at the headquarters of the Consulate General of Algeria in Brussels.

June 25^th 2024

The Algerian Investment Promotion Agency, in partnership with the African Export-Import Bank “Afreximbank”, has organized, today June 25th 2024, an investment forum in Algeria, entitled” Trade and Investment Opportunities in Algeria: Navigating the New Business Landscape under the AfCFTA”, within the framework of the fifty-fifth (55th) edition of Algeria international fair (FIA2024).

The opening of the forum was under the supervision of Mr. Omar REKKACHE, Director General of the Algerian Investment Promotion Agency, Mr. Hussein ZAWI, Director General of the Algerian Chamber of Commerce and industry (CACI), representing the Minister of Trade and Export Promotion, and Mr. Ayman ELZOGHBI, Acting Director – Trade, Investment & Corporate Finance at African Export-Import Bank (Afreximbank).

This forum falls within the framework of promoting investment opportunities in Algeria for the benefit of the African operators, where it witnessed the presence of Algerian and foreign businessmen from the African continent, as well as officials of economic institutions, financial experts and economists.

The forum also provided an opportunity to exchange, communicate and form strategic partnerships, as well as address the main challenges facing investors in Africa, such as market access, financing, and risk management, through workshops supervised by the Algerian Investment Promotion Agency and the African Export-Import bank.

June 24th 2024

Photos of the President of the Republic, Mr. Abdelmadjid TEBBOUNE passing by the pavilion of the Algerian Investment Promotion Agency at the Algiers International Fair (FIA2024).

Where he listened to a presentation by the Director General of the agency, Mr. Omar REKKACHE, about the agency’s activities and the most important investment projects launched at the completion stage under the new law.

Following the presentation, the President provided guidance on supporting productive investment and state priorities in this regard.

June 20^th 2024

The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, received, on Thursday June 20th 2024, the Ambassador of the Italian Republic Mr. Alberto CUTILLO.

During the meeting, investment opportunities in Algeria were reviewed, as well as the Italian companies’ intentions to invest in Algeria, recently registered at the Algerian Investment Promotion Agency’s level.

The meeting was also an opportunity to discuss ways and mechanisms to revitalize cooperation with the National Agency for Inward Investment and Economic Development in Italy “Invitalia” through revitalizing the Understanding Memorandum signed in 2022, and notably the establishment of the joint investment cooperation committee between the two entities, as well as holding the first meeting to prepare a joint work program to exchange experiences in the field of investment promotion.