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 24th and 25th 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.
