L’AAPI reçoit une délégation du Fonds Arabe pour le Développement Economique et Social
Summary of Recent Meetings in Algeria on Investment Promotion
On Monday, the Algerian Investment Promotion Agency (AAPI) welcomed a delegation from the Arab Fund for Economic and Social Development (AFESD), led by its CEO, Mr. Bader Mohammad Al-Saad. This meeting focused on exploring financing mechanisms and support strategies for investment projects in Algeria.
Meeting Highlights
During the discussions, both parties delved into the financial and support mechanisms available for private sector projects in Algeria, aligning this with the AFESD’s new strategy aimed at bolstering and financing this sector. This strategy emphasizes providing financial guarantees that would facilitate the realization of investment projects.
Omar Rekkache, the AAPI’s Director General, provided a comprehensive overview of Algeria’s business climate. He highlighted the advantages and incentives available to investors, as well as various project financing mechanisms. Rekkache underscored the AAPI’s crucial role in supporting local investment, attracting foreign investments, and assisting investors, particularly in the private sector.
Collaborative Efforts
Both parties agreed to enhance their coordination by scheduling technical meetings aimed at defining methods and mechanisms for executing several investment projects financed by AFESD. This collaboration signifies a proactive approach to foster investment growth in Algeria.
AFESD, headquartered in Kuwait, is a regional Arab financial institution dedicated to promoting economic and social development among its member countries, primarily through investment project support.
Engagement with Bahrain
On the same day, the AAPI also met with Mr. Ali Jassem Ahmed Al Aradi, the Bahraini ambassador to Algeria. This meeting was intended to discuss preparations for an upcoming visit by a delegation of Bahraini businessmen to Algeria in early June. The delegation aims to explore the business environment and identify opportunities for investment realization in Algeria.
This engagement reflects Algeria’s commitment to strengthening economic ties and fostering investment opportunities in the region.
