Foreign direct investment, capital flows, and investment climate
The Algerian Agency for Investment Promotion held a working meeting today, Tuesday, via videoconferencing, with the National Agency for Investment Promotion of the Democratic Republic of the Congo, aiming to enhance their cooperation in the field of investment promotion, according to a statement from the agency.
In just a few days, the Malaysian embassy in Algeria has made multiple strategic announcements around a single objective: to anchor the Malaysian automotive industry in the Algerian market. Under the leadership of H.E. Ambassador Datuk Rizany Irwan, a series of high-level meetings brought together industrial giants DRB-HICOM, PROTON, and MODENAS with several Algerian institutional and private stakeholders, outlining the contours of a large-scale industrial partnership between the two countries.
A decision from the Ministry of Finance, published on July 15 in Official Journal No. 50, revealed on Sunday by the Algerian Investment Promotion Agency (AAPI) in a statement, delegates to the representatives of the State Domains the power to sign the economic land concession contracts themselves within the single windows. A third wave of delegation in three months.
Bordj Bou Arreridj accelerates its economic transformation with the inauguration of five industrial units and the launch of nine investment projects, a dynamic driven by the wali Kamel Nouicer to enhance land value and diversify the local productive fabric in El Hamadia and Ras El Oued.
Algeria - The Minister of Pharmaceutical Industry, Wassim Gouidri, renewed today, Monday in Algiers, his sector's commitment to adopting a participatory approach with various economic actors to support investment and localize the manufacturing of medical supplies, thereby enhancing national health sovereignty, according to a statement from the ministry.
The Minister of Pharmaceutical Industry, Wassim Guedri, renewed his sector's commitment to adopting a participatory approach with various economic actors to support investment and localize the medical supplies industry, thereby enhancing national health sovereignty, according to a statement from the ministry on Monday.
“DRB-HICOM” has agreed to prepare a feasibility study for establishing a local unit “Modenas” targeting the local production of motorcycles. “Proton” is studying manufacturing in Oran with tax exemptions and a 30 percent integration rate. Algeria's incentives attract investors. Leading Malaysian companies in the automotive and motorcycle industries intend to enter the Algerian market through industrial projects and local partnerships, led by a delegation from the giant industrial group “DRB-HICOM,” which includes the brands “Proton” and “Modenas.” This step reflects the growing interest in investing in the vehicle manufacturing sector in Algeria and benefiting from the opportunities provided by the local market and African markets. In this context, the Malaysian ambassador to Algeria revealed...
Authorities continue to expand the powers of public administration representatives at the one-stop shops of the Algerian Agency for Investment Promotion, by granting state property management representatives the authority to prepare and sign concession contracts related to economic property, in a move aimed at simplifying administrative procedures and accelerating the implementation of investment projects. The Algerian Agency for Investment Promotion clarified in a statement issued on Sunday that number 50 of the official gazette, published on July 15, included a decision from the Ministry of Finance delegating representatives of the state property management working at the one-stop shops of the agency to prepare and sign concession contracts related to economic property.
The Minister of Pharmaceutical Industry, Wassim Guedri, renewed today, Monday in Algiers, his sector's commitment to adopting a participatory approach with various economic actors to support investment and localize the medical supplies industry, thereby enhancing national health sovereignty, according to a statement from the ministry. This came during his reception of a delegation from the Algerian Confederation of Employers, headed by Tahar Bouzid, as part of a series of consultative meetings held by the minister with professional partners in the sector, where the meeting was dedicated to discussing the concerns raised by members of the medical supplies sector.
CEO of Al Andalouz Consulting, Alejandro Ballester Barral shares with EcoTimes his comprehensive view of the economic issues raised by the meeting between Spanish Government President Pedro Sánchez and Algerian President Abdelmadjid Tebboune, from the regulatory framework to the four priority sectors, with his specific expectations on gas, electric cable, hydrogen, and water.
The two Spanish companies Cepsa and Repsol have been established in Algeria for several decades. For Repsol, the country is a highly strategic area due to its immense hydrocarbon potential and its geographical proximity to Spain.
Reactions and analyses continue following the official visit of the President of the Republic, Abdelmadjid Tebboune, to Germany. Among them is that of the Algerian-German Mohamed Sayoud, Vice President of the Algerian-German Chamber of Industry and Commerce (AHK) and international consultant in industrial investment.