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March 1, 2021 | 4 years ago

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Ait Ali Braham: the drafting of the investment law completed

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Guest of the "El Hiwar" forum, Mr. Ait Ali Braham affirmed that this law will be presented to the Council of Ministers then to the two chambers of Parliament for adoption.

Regarding the main amendments provided for by this new text, the minister explained that he had come to guarantee a "responsible" freedom of maneuver for the benefit of managers of public and private companies, as long as the investments they undertake are " rational and productive ".

The new investment bill grants all the guarantees of "transparency and clarity" for the benefit of public and private investors, so that the investor is protected from any form of abuse of power, the minister assured.

In addition to guaranteeing equal treatment between public and private investors, the new law will prioritize the most profitable investment projects for the country, according to the minister.

In the same context, Mr. Ait Ali Braham stressed the need to make "serious" investments to guarantee local production of inputs, emphasizing the imperative to create an industrial base for the benefit of small and medium-sized enterprises. (SME) in Algeria which allows the national fabric to be maintained without needing to import its various needs from abroad.

February 13, 2021 | algeria-logo

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