Date Published: Sunday, December 22, 2024
Category: Economy
Algiers – The Algerian Agency for Investment Promotion (AAIP) announced plans to establish production hubs for school supplies, aiming to strengthen this vital sector. The announcement was made by AAIP Director-General Omar Rekach during his visit to the Algerian Production Exhibition at the Palais des Expositions, which runs from December 19 to 28.
In a press statement, Rekach emphasized that the agency’s focus is on creating dedicated production hubs for school supplies, noting that several companies in this sector have expressed a desire to expand their activities.
“This initiative aligns with the directives of President Abdelmadjid Tebboune, which aim to achieve self-sufficiency in specific school supply products and reduce import costs in this sector,” Rekach stated. He further assured that the agency would support qualified companies from both the public and private sectors.
Strategic Goals
Rekach highlighted that AAIP is committed to assisting economic operators in meeting the country’s strategic priorities. The projects supported under this initiative are expected to:
- Enhance industrial integration rates.
- Generate employment opportunities.
- Leverage modern technologies to ensure balanced economic development.
Key Visits and Insights
During his visit, Rekach explored various booths, including the stand of FABS, a company specializing in stationery and school supplies. He reviewed their expansion project aimed at producing one million ballpoint pens annually, among other products.
He also visited other sector leaders, such as:
- Iris Group, known for its electronics and household appliances. The group recently launched a carbon black production project, supported by AAIP, which will allocate 20-30% of its output to the domestic market, with the remainder earmarked for export.
- Wafa Company, which focuses on manufacturing and transforming household and sanitary paper. Rekach commended their forward-looking project in Ain Oussera (Djelfa Province). The company has secured a 35-hectare plot to implement a three-phase project for producing raw materials for the paper industry, expected to create over 1,700 jobs by 2035.
- Defandos Group, where Rekach announced land allocation for their subsidiary in Ouargla to expand its operations.
A Message to Entrepreneurs
Rekach underscored that these visits send a clear message to aspiring entrepreneurs, reaffirming the agency’s readiness to provide full support for innovative projects.
Exhibition Overview
The 32nd edition of the Algerian Production Exhibition, inaugurated last Thursday by President Abdelmadjid Tebboune, features around 600 companies showcasing products and services across various sectors, including:
- Food industries.
- Manufacturing.
- Electronics and home appliances.
- Chemical and petrochemical products.
- Energy, mechanics, metals, textiles, construction, and building materials.
- Military industries.
For more updates on Algeria’s economic initiatives, visit DZWATCH.DZ.
Author: Nor-Eleslam
