Foreign direct investment, capital flows, and investment climate
The German pharmaceutical company Bayer has expressed its interest in enhancing its presence in the Algerian market and expanding areas of cooperation with national stakeholders, during a meeting held this Sunday in Algiers between the Minister of Pharmaceutical Industry, Wassim Gouidri, and the Deputy CEO of the group, Mildred Nada Beta.
It will soon enter into operation.
The American company specialized in footwear under the 'Skechers' brand signed a partnership agreement this Sunday in Algiers with the Algerian company 'Tradifoot' to establish its first production factory in Africa, with the project expected to be operational in the first quarter of 2027, with a production capacity estimated at two million pairs of shoes annually.
The Minister of State, Minister of Energy, Mohamed Arqab, received this Sunday in Algiers the CEO of Midad Energy - Saudi North Africa, Sheikh Abdulilah bin Mohammed bin Abdullah Al-Ibayan, where cooperation between SONATRACH and the Saudi company was discussed, especially after both parties signed the contract for the contractual area 'Ilizi South' in the Ilizi basin, according to a statement from the ministry.
The partnership agreement was signed today.
The Minister of Foreign Trade and Promotion of Exports, Kamal Rzig, received this Sunday a delegation from the American global company 'Skechers', which discussed investment opportunities in Algeria, according to a statement from the ministry.
This is a diplomatic and economic victory that Algeria has been waiting for over a year and a half. The Financial Action Task Force (FATF),
Algeria wants to act quickly and accelerate its economic transformation. Major mobilization of the executive to deliver projects on time.
According to an announcement made by the local energy department to APS, a 150 MW solar power plant will be commissioned.
Algeria - The President of the Algerian Economic Renewal Council, Kamel Moula, stated that Algeria's removal from the gray list of the Financial Action Task Force 'GAFI' represents 'an important milestone for the country and a positive signal for the national economy.'
Algeria - Economic and financial experts highlighted the importance of the decision to remove Algeria from the gray list of the Financial Action Task Force 'FATF', made yesterday Friday by unanimous agreement of the members of the group's plenary session, affirming that it serves as a clear international recognition of the effectiveness of the measures taken by public authorities to enhance financial transparency within a significant reform dynamic, positively impacting the national economy as a whole, and specifically enhancing the attractiveness of the business and investment climate.
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