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November 20, 2024 | 1 month ago

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Over 10,000 projects declared

Over 10,000 declared projects worth around DZD4,340 billion have been registered with the Algerian Investment Promotion Agency (AAPI).

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According to its Director General, Omar Rekkache, the Algerian Investment Promotion Agency (AAPI) is moving ahead to achieve the national target of 20,000 investment projects in the medium term.

Since the launch of AAPI activities in November 2022, 10,496 projects have been registered for a total value of AED 4,340 billion, with an expected creation of 258,000 jobs. Among these projects, 10,303 involve local investors (AED 3,365 billion, 238,000 jobs) and 193 are foreign investments (AED 974 billion, 20,000 jobs) from 27 nationalities.

The industrial sector dominates with 47% of registered projects, followed by mining and quarrying (12%), services (11%), construction (10%), agriculture (7%), transport (6%), tourism and health (2% each). More than 50% of the projects are underway and 8% are already in the operational phase, reflecting a favourable dynamic for the investment climate in Algeria.



November 20, 2024 | algeria-logo

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