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Forum on Foreign Direct Investments in Algeria

May 16th 2024

The Algerian Investment Promotion Agency, in partnership with the Delegation of the European Union to Algeria , organized on Thursday May 16th 2024, at the National Housing Bank, a forum on Foreign Direct Investments in Algeria under the title “Exploring New Investments and Nearshoring Opportunities in Algeria”

This forum, which falls within the framework of the project ” EU – Algeria partnership for sustainable investment”, was an opportunity for exchange between various actors, from the public and private sectors, on the business and investment climate in Algeria, the role of Foreign Direct Investments, including European ones, in economic development and diversification as well as opportunities for European-Algerian cooperation in the field of investment.

In this context, the participants discussed, in particular, the situation of Algeria in the new international context with regard to Foreign Direct Investments and the opportunities for shortening European supply chains, which could benefit the Algerian economy, as well as the prospects for Algerian-European Economic Integration and expansion towards the African continent.

The opening of this forum was supervised by the Minister of Industry and Pharmaceutical Production, commissioned by the Prime Minister, and attended by:

  • The President of the National Economic, Social and Environmental Council,
  • Mrs. Rabia KHARFI,
  • The Head of Cabinet of European Commission Vice-President, Mr. Dombrovskis, responsible for trade and investment, Mr Michael HAGER,
  • The Ambassador of the European Union to Algeria, Mr. Thomas ECKERT,
  • The Director General of Customs, Major General Abdelhafid Bakhouche,
  • The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE,
  • The President of the Algerian Economic Renewal Council, Mr. Kamal Moula,
  • General managers and State executives,
  • Experts and university professors,
  • Economic operators and managers of public and private institutions.