November 27th, 2024
The Director General of the Algerian Investment Promotion Agency, Mr. Omar REKKACHE, participated in the 28th Edition of the World Investment Conference held in Riyadh, Saudi Arabia, from the 25th to the 27th of November, 2024. The event was attended by key global figures from both the public and private sectors, leading investors, representatives of international organizations, and actors in investment development, diversification, and promotion.
During the conference, Mr. REKKACHE engaged in several meetings with his counterparts from investment promotion agencies across the globe. These discussions focused on exchanging expertise and best practices, as well as promoting Algeria as a prime investment destination and highlighting the investment opportunities granted by our country. He also explored international cooperation opportunities to enhance the Agency’s staff efficiency and improving its overall performance.
On the sidelines of the conference, the Director General held a working session with Saudi Arabia’s Assistant Minister of Investment, HE Ibrahim BIN YOUSEF AL MUBARAK. The meeting discussed ways to strengthen cooperation in investment promotion, the status of Saudi investment projects in Algeria, and the provisions of an investment memorandum of understanding ratified by both parties, set to be signed at upcoming joint events.
In another significant engagement, the Director General participated alongside his counterparts in the General Assembly of the World Association of Investment Promotion Agencies (WAIPA). This session highlighted the ten countries, including Algeria that joined the association in 2024. Additionally, the assembly reviewed and approved the association’s 2025 work program.
