Une délégation russe visite l’AAPI pour s’enquérir du système national d’investissement
Summary and Rewrite:
Algeria Welcomes Russian Investment Delegation
On a recent Tuesday, the Algerian Agency for Investment Promotion (AAPI) hosted a Russian delegation led by Serguei Katyrin, the President of the Russian Chamber of Commerce and Industry. This visit aimed to familiarize the Russian officials with Algeria’s investment framework, as noted in a press release from the AAPI.
The delegation comprised heads of various regional chambers of commerce and industry from Russia. During their visit, they received in-depth insights into the AAPI’s role in supporting both national and foreign investors throughout the project’s realization stages. The discussions highlighted the legal advantages and incentives provided to promote investments that generate wealth, added value, and jobs within Algeria.
Omar Rekkache, the director-general of AAPI, emphasized Algeria’s openness to foreign investment, stating the country’s commitment to supporting local production and industries. This approach seeks to gradually lessen reliance on imports while prioritizing key economic sectors that significantly benefit from investment incentives.
Rekkache noted the significant improvements in Algeria’s business climate in recent years. He attributed these enhancements to directives from the country’s high authorities aimed at facilitating investment processes and ensuring adequate support for investors.
Katyrin reiterated the interest of Russian enterprises in establishing fruitful partnerships with their Algerian counterparts to execute investment projects across various sectors in Algeria. To advance these discussions, both parties agreed to conduct bilateral meetings via videoconference with the regional chambers of commerce and industry in Russia. This initiative will involve around 130 chambers to feature investors and business leaders from diverse sectors. The goal is to showcase Algeria’s investment opportunities and the incentives available under its investment legislation for foreign enterprises, particularly Russian companies.
This visit underscores the growing desire for economic cooperation between Algeria and Russia as both countries aim to bolster their respective economies through strategic partnerships and investment growth. The AAPI’s proactive approach in fostering favorable conditions for foreign investment reflects Algeria’s commitment to enhancing its economic landscape and attracting international capital.
In summary, the meeting represents a significant step towards establishing collaborative ventures between the two nations, aiming to unlock potential investment opportunities in Algeria’s diverse economic sectors.
