CREA inaugurates regional office in Oran, being bridge between entrepreneurs, public authorities
By: Hana Saada
ALGIERS- The Algerian Economic Renewal Council (CREA), chaired by businessman Kamel Moula, inaugurated, last Saturday, its regional office in Oran, in the presence of local authorities and business leaders from the region.
Welcoming the inauguration of CREA’s regional office, business leaders said that these measures “were in line with very ambitious reform program that New Algeria embarked on with the aim of encouraging local businessmen and entrepreneurs to achieve economic recovery”, adding that “Algeria is deploying significant efforts to create an environment conducive to the transition from a rentier economy to an economy with diversified incomes without dependence on oil and price volatility on international markets. Start-ups, for their part, are fueling this transition”.
“I have met up to 100 economic operators from the region. Several issues of common interests were tackled with the aim of finding long-lasting solutions to the obstacles still hampering the establishment of a sustainable development and a healthy business climate, being a gate to prosperity and sustainable growth in the region,” said the council chairman Kamel Moula.
And to add: “I express my thanks to the Governor of Oran province for the tireless efforts deployed to defend the interests of Algerian companies and the economic development of Algeria. I believe that the new incentives and the updating of the legal framework for investments offer promising prospects in Algeria, resulting in a booming investment climate. As a regional office, we will accompany the state in its efforts to install genuine long-term economic stability and prosperity. Our bureau, in addition to those inaugurated in Bejaia and Constantine provinces, constitute a bridge between entrepreneurs and public authorities, pending the opening of other bureaus in the South”.
The Algerian Economic Renewal Council (CREA) is very active locally and internationally. It maintains a solid local, regional and international presence with a view to building fruitful partnerships, hence, installing genuine long-term economic stability and prosperity.
Elected last February at the head of the council which brings under one roof 70 founding members, representing public and private companies, start-ups and entrepreneurs, Mr. Moula, a prominent businessman, vowed to combine efforts and energies, under the “economic patriotism”, for the development of the national economy.
Prior to that, Kamel Moula was elected to lead the Club of Entrepreneurs and Industrialists of Mitidja (CEIMI) for two consecutive terms from 2014 to 2021, as he worked to improve the investment climate and its stability, encourage and support investors and restore their confidence, which has enabled it to achieve a qualitative leap by contributing to the construction of an industrial fabric in the Mitidja region.
The ambitious young businessman is also the General Manager of Venus Laboratories, which is the most famous and oldest private company specializing in the field of cosmetics.
The prominent businessman conducts intense economic diplomacy to build a solid national economy in accordance with the Algerian State’s policy on foreign trade, cooperation and partnership, especially with the regional environment of which Algeria is a pivotal pole. Aware of Algeria’s leading political, economic and cultural role, Mr. Moula has taken upon the responsibility of implementing President Tebboune’s guidance in this regard with all possible means with the aim to serve the interests of the country and realize the aspirations of the state to make 2022, the year of the economic take-off in a vision oriented according to the position of strategic Algeria in the new global geo-economic context.
Thanks to his economic sense and rich experience in economic diplomacy, CREA’s President is able to seize opportunities for investments and economic cooperation. Mr. Moula, noteworthy, was decorated on December 4, 2021, by the President of the Republic, Mr. Abdelmadjid Tebboune with the highest distinction, namely; the Order of National Merit.
