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November 20, 2024 | 1 month ago
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According to its Managing Director, Omar Rekkache, the Algerian Investment Promotion Agency (AAPI) has reached a significant milestone, 10,500 projects registered in just two years, with a total investment of DZD 4,339 billion and the creation of 258,000 direct jobs. Of these projects, 50% are underway and 8% are operational, reflecting a promising momentum towards the target of 20,000 projects within the next few years.
Progress in economic land management
Since February 2024, 1,913 plots of land totalling 2,191 hectares have been identified, including 782 lots (1,100 hectares) offered on the AAPI's digital platform, covering 48 wilayas. To date, 461 plots have been allocated from the 4,266 applications registered.
Measures to speed up investment
Mr Rekkache stressed the need to :
-Simplify administrative procedures, notably through the effective activation of the one-stop shop.
-Facilitate access to bank loans at lower cost.
-Improve access to economic land, by making 40,000 hectares available over 5 years, i.e. an annual average of 8,000 hectares, for feasible projects led by serious investors.
These efforts aim to strengthen the investment climate and support sustainable economic growth in Algeria.
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