faire bénéficier les projets du secteur privé algérien du financement d’institutions financières internationales
Investment Growth in Algeria: Insights from AAPI’s Director
Omar Rekkache, the Director General of the Algerian Agency for Investment Promotion (AAPI), announced a notable rise in investment projects in Algeria during a forum in Algiers. The AAPI has recorded a total of 14,900 investment projects across various sectors, reflecting the agency’s active collaboration with international financial institutions, notably the Islamic Development Bank (IDB). This collaboration aims to secure funding, particularly for private sector projects.
Key Highlights
At the Private Sector Forum, part of the IDB’s annual meetings from May 19 to 22 at the CIC Abdellatif Rahal in Algiers, under the patronage of President Abdelmadjid Tebboune, Rekkache emphasized Algeria’s commitment to enhancing its investment climate through partnerships with international financial entities. He acknowledged Algeria’s membership in multiple international financial institutions but pointed out that the country has yet to fully benefit from these affiliations. Ongoing efforts focus on developing new financing mechanisms to increase financial support for projects, especially in the private sector.
Roughly 98% of the registered projects since AAPI’s inception belong to the private sector. Rekkache highlighted the significant growth in the industrial sector, marked by the emergence of leading exporters and private operators who have successfully entered international markets due to high-quality products. The agency is dedicated to supporting this positive trend.
Foreign Investment Recovery
Additionally, Rekkache reported a resurgence in foreign investments in recent months, with 259 new projects recorded, including 101 direct foreign investments (DFIs). These indicators signify the effectiveness of the reforms undertaken and enhance confidence in Algeria’s business environment. The agency’s efforts to position Algeria as an attractive investment destination coincide with a growing focus on economic diplomacy on an international scale.
As part of this diplomatic and investment strategy, AAPI has conducted 14 exploratory visits to European countries under a cooperation program with the European Union. These visits helped identify 250 European companies interested in investing in Algeria, several of which are already in negotiations to realize their projects.
Conclusion
The ongoing increase in recorded investment projects and the strategic partnerships with international financial institutions reflect Algeria’s commitment to improving its investment climate. With a concerted effort to attract foreign investments, especially in the private sector, Algeria aims to emerge as a promising destination for international capital, supported by a growing diplomatic engagement.
