25/02/2026
As part of its ongoing efforts to strengthen international economic partnerships and attract high-quality, value-added investments, the Algerian Investment Promotion Agency (AAPI) received, on Wednesday, 25 February, at its headquarters, a delegation of businessmen from Bosnia and Herzegovina. The visit aimed at exploring opportunities for implementing investment projects in the industrial and energy sectors in Algeria.
The delegation includes representatives from ENERGOINVEST, a leading company in energy engineering and heavy electrical industries, headed by its CEO Mr. Mirza USTAMUJIE, as well as representatives from HIFA-OIL, led by its CEO Mr. Izudin AHMETLIC, the main distributor of petroleum products in Bosnia and Herzegovina.
During the meeting, ENERGOINVEST expressed its interest in establishing an industrial investment in Algeria in the field of energy systems and equipment production, particularly high-voltage circuit breakers, electrical transformers, and their components. The company affirmed its readiness to form a partnership with an Algerian operator using the latest technologies, ensuring the transfer of expertise and technical knowledge accompanying the project.
This approach aligns with the company’s strategy to expand its international presence. After entering several European markets, it now seeks to enter the African market through Algeria, leveraging the growing dynamism of the country’s energy sector.
HIFA-OIL, the main distributor of petroleum products in Bosnia and Herzegovina, also explained that its visit aims to explore investment opportunities in the Algerian market and to study the feasibility of launching a project aligned with Algeria’s petroleum product needs, noting that a meeting has been scheduled with Sonatrach to discuss prospects for cooperation and partnership.
These discussions fall within a strategic orientation designed to attract technology transfer-based investments and strengthen local industrial integration, enabling the development of value chains in the industrial and energy sectors, increasing local content, and capitalizing on national capabilities in engineering and electrical industries, in addition to creating quality employment opportunities and promoting Algeria’s positioning as a regional industrial and energy hub.
In this context, the AAPI Director General confirmed the agency’s readiness to accompany Bosnian investors throughout the various stages of project implementation, highlighting the range of fiscal and quasi-fiscal incentives, as well as benefits related to economic land, provided under Algeria’s legal investment framework.
At the conclusion of the meeting, the Director General reiterated the agency’s commitment to providing all necessary facilitation and accompaniment to ensure the successful implementation of investment projects that contribute to economic development and strengthen international industrial partnerships.
