BY: Hana Saada
ALGIERS- The Algerian Investment Promotion Agency (AAPI) has reported a significant increase in the number of investment projects registered with the agency.
According to AAPI’s Director General, Omar Rekach, the number of registered projects has increased by 121% on an annual basis, during the period from November 1, 2022 to April 30, 2023. This increase is compared to the same period last year, and is attributed to the new investment law that has come into effect.
The total value of the registered projects is estimated at 922.83 billion DA, with an increase of 199% in terms of value and 145% in terms of the number of jobs expected.
This is a clear indication of the positive impact of the reform of the country’s investment system and the improvement in the business climate. The special window for major projects and foreign investments has also seen an increase in registered projects, with 57 projects registered, including 47 direct agencies and partnerships. This is a promising sign for the Algerian economy and its potential for growth and development.
