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December 3, 2024 | 1 month ago

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Algeria steps up efforts to attract investment: focus on collaboration with Central Europe

At a meeting titled “Investment and economic diversification in Algeria: exchanging experiences with Central European countries”, Omar Rekkache, Managing Director of the Algerian Investment Promotion Agency (AAPI), highlighted the economic reforms undertaken to enhance the country's attractiveness. Organized in partnership with the European Union delegation in Algeria, this event reflects Algeria's ambition to open up to new economic horizons.

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Structural reforms for a competitive investment climate

Mr Rekkache discusses Algeria's far-reaching economic reforms to create a competitive business environment, including:

·  A new regulatory framework for certainty and simplification of procedures.

·  Modernizing governance through digitalization and a knowledge-based economy.

·  Improving industrial and logistics infrastructure.

·  Financial sector reforms to facilitate project financing and encourage high value-added investment.

Exchange of experiences with Central Europe: Mr Rekkache emphasizes the importance of exchanging experiences with Central European countries to improve Algeria's economic performance, focusing on foreign direct investment, free trade, and business resilience.

Strategic partnerships: These exchanges stimulate investment and create strategic partnerships to diversify the Algerian economy.

Commitment to concrete cooperation: Mr Rekkache hopes to collaborate with European partners, reaffirming AAPI's commitment to supporting investors and creating favourable conditions for value-creating projects.

National economic vision: This initiative is part of the national vision to position Algeria as a leading investor in the region and beyond.

December 3, 2024 | algeria-logo

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