Algiers, Algeria – Omar Rekache, the Director General of the Algerian Investment Promotion Agency (AAPI), announced the agency’s commitment to accelerating its efforts to meet the increasing demand for economic land, as part of its strategy to foster a diversified economy.
Key Goals and Strategies
During the inaugural session of the National Meeting of One-Stop Shop Directors, held at the Housing Bank headquarters in Algiers, Rekache emphasized the need to intensify efforts by:
- Overcoming Bureaucratic Barriers: Eliminating administrative inefficiencies and ensuring transparency in transactions.
- Ending Speculation: Implementing measures to curb real estate speculation to promote equitable access to resources.
Rekache underlined the importance of human resource development, stating that the next phase requires the training of skilled personnel to deliver high-quality services.
New Initiatives
In a significant move, the agency will reset its economic land management system starting January 1, 2025, in line with a new approach aimed at boosting the country’s investment landscape. Rekache expressed optimism about achieving 20,000 investment projects, which he described as a pivotal step toward Algeria’s economic transformation.
Collaboration and Long-Term Vision
Highlighting teamwork as a critical factor, Rekache stated, “We must work as a unified team to achieve the major goals that will lay the foundation for a diversified economy.” He also noted that the meeting serves as an essential platform for discussing strategies to improve services and establish a lasting tradition of collaboration.
This renewed focus on investment promotion reflects Algeria’s commitment to building a sustainable and dynamic economic future.
For detailed updates on Algeria’s economic initiatives, visit DZWATCH.
Author: Nor-Eleslam
