Algeria Attracts Global Chemical Industry Giant: Kuwait International Factory Ready to Invest

BY: Dr. Hana Saada

Algiers, Algeria | September 30th, 2024 — Algeria continues to assert itself as a prime destination for foreign investment, with its latest success being the potential entry of Kuwait International Factory, a global leader in the chemical industry. Omar Rekkache, the Director General of the Algerian Investment Promotion Agency (AAPI), met today with Talal Moukhlid Al-Buraieas, CEO of Kuwait International Factory, alongside Nasser Al-Ajmi, a board member, in a meeting attended by key agency officials.

Kuwait International Factory, a heavyweight in the chemical industry, has an extensive international presence spanning the Gulf States, Jordan, Syria, India, Pakistan, and several African markets, such as Tanzania, Ghana, Côte d’Ivoire, and Senegal. The company has expressed significant interest in establishing operations in Algeria, marking a major development for the country’s economic diversification strategy, which places a strong emphasis on industrial growth to sustain long-term economic progress.

This potential investment reflects Algeria’s growing appeal as a hub for industrial ventures, particularly in strategic sectors like the chemical industry. Such initiatives are expected to not only boost industrial output but also create jobs, enhance export capabilities, and position Algeria as a key player in the production of high-value-added chemical products.

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