November 04th, 2026
The Algerian Investment Promotion Agency (AAPI) took part today, Wednesday, November 4, 2026, in the sessions of the Algerian-Korean Economic Forum, held in Algiers and organised by the Embassy of the Republic of Korea in Algeria and the Korea Trade-Investment Promotion Agency )KOTRA ALGER( , under the theme “Korea–Algeria Global Manufacturing Partnership”.
The forum brought together investors and business operators from both countries and was attended by Mr. Omar Rekkache, Director General of the Algerian Investment Promotion Agency, and Mr. Ismail Chakib Gouidri, Director General of the Algerian Chamber of Commerce and Industry, alongside representatives of several economic sectors. The Korean side was represented by H.E. Mr. Min Kyung-tae, Ambassador of the Republic of Korea to Algeria, and Mr. JANG Myoungchul, Director General of KOTRA’s Algiers Office.
In his opening remarks, the Director General of AAPI welcomed the interest shown by Korean companies in the Algerian market and the investment initiatives launched, noting that they provide a foundation for the implementation of new, high-value-added projects that can contribute to developing industrial subcontracting, creating jobs and facilitating technology transfer.
In this regard, he highlighted the automotive industry and its components, the chemical and materials industries, as well as industrial equipment and machinery, as promising sectors for strengthening industrial complementarity and expanding partnership opportunities between Algerian and Korean companies.
After outlining the various reforms and measures adopted by Algeria to improve the investment climate and provide an attractive and efficient business environment capable of attracting high-quality investments, Mr. Rekkache reaffirmed the Agency’s readiness to support Korean investors by providing information on available investment opportunities and facilitating their engagement with the various relevant economic operators and institutions, thereby helping ensure the successful implementation of their projects.
He also stressed the importance of strengthening cooperation with KOTRA through increased exchanges of information and expertise and by encouraging direct meetings between companies from both countries, thereby contributing to the promotion of investment exchanges and the development of bilateral industrial partnerships.
The business forum programme features presentations on Algeria’s business climate and the legal and regulatory framework governing investment, alongside success stories highlighting Korean-Algerian industrial cooperation through the experiences of several Korean companies operating in Algeria. It also includes a presentation on Hyundai’s automotive manufacturing project in Algeria, as well as bilateral business-to-business (B2B) meetings.
