Law No. 22-18 of July 24, 2022 relating to investment
The new law on investment, signed on 24 July 2022 by the President of the Republic Mr Abdelmadjid TEBBOUNE, has been published in the Official Journal N°50. This is Law 22-18, relating to investment which was adopted on June 27 by the National People’s Assembly (APN), then on July 13 by the Council of the Nation. Its purpose is to set up the rules governing investment, to define investors’ rights and obligations and the incentive schemes applicable to investments in economic activities for the production of goods and services, carried out by natural or legal persons, national or foreign, resident or non-resident. The provisions of this new text also aim to encourage investment with the view of developing priority sectors of activity with high added value, ensuring sustainable and balanced territorial development and enhancing natural resources and local raw materials. This new law stipulates the reconfiguration of the National Investment Development Agency (ANDI), now called the “Algerian Investment Promotion Agency”, by strengthening its prerogatives allowing it to play an important role in supporting investors.
Algerian Investment Promotion Agency
The Algerian Investment Promotion Agency –AAPI– is a public institution of an administrative nature, endowed with legal personality and financial autonomy.