November 23th, 2024
As part of the implementation of the investment promotion program launched by the Ministry of Foreign Affairs, National Community Abroad and African Affairs, in partnership with the European Union, entitled the Sustainable Investment Partnership, the Algerian Investment Promotion Agency, represented by Ms. Khechai Iman, Head of Studies, participated in a prospection mission to Hungary, the Czech Republic, and Poland from November 18 to 23, 2024. The aim was to strengthen Algeria’s attractiveness as a promising investment destination and attract European direct investments to Algeria.
The first stop was Hungary, where a business forum was organized at the Hungarian Export Promotion Agency. The forum highlighted the recent economic reforms in Algeria, particularly those related to facilitating and promoting investment and the land concession law.
In the Czech Republic, the European Union Delegation, in cooperation with the Czech Chamber of Commerce and Industry, organized a high-level seminar entitled ‘Incentives for foreign investment in Algeria’. The event was attended by the State Secretary of the Ministry of the industry and Trade, as well as Czech and Algerian companies.
In Poland, efforts focused on a visit to the Katowice Special Economic Zone , and how the workflow is organized and managed there . A field trip to the Roha Industrial Zone was conducted, including a tour of a leading aluminum manufacturing plant. The visit was used to highlight Algeria’s competitive advantages.
