The Algerian Investment Promotion Agency (AAPI) has registered 270 foreign-linked investment projects valued at over $9 billion, demonstrating the remarkable success of President Tebboune’s economic reforms in attracting international investment and positioning Algeria as a premier destination for foreign capital in the region.Unprecedented Foreign Investment SurgeAAPI Director General Omar Rekkache announced that the 270 projects, comprising both direct foreign investments and partnerships with local economic operators, represent a total declared value of $9 billion. These investments have been registered since the agency began operations on November 1, 2022, highlighting the rapid transformation of Algeria’s investment landscape under President Tebboune’s leadership.Diversified Investment Portfolio Across Strategic SectorsThe investments span multiple activity sectors, particularly focusing on industry, agriculture, and renewable energy. This diversification reflects Algeria’s strategic approach to economic development, moving beyond traditional hydrocarbon dependence to create a robust, multi-sector economy that aligns with global trends and national development priorities.Strong Foundation for Continued GrowthRekkache emphasized that the current figure represents “only a preliminary number, given the receipt of numerous foreign desires to invest in Algeria thanks to the significant competitive advantages it offers”. This statement underscores the growing international confidence in Algeria’s economic potential and the effectiveness of the investment climate reforms implemented under President Tebboune’s administration.Strategic Infrastructure DevelopmentThe agency is actively working to facilitate these investments by providing appropriate real estate containers in locations requested by investors, while also working to enhance the attractiveness of regions with lower demand to ensure equitable distribution of investments across the national territory. This comprehensive approach demonstrates Algeria’s commitment to balanced regional development and inclusive economic growth.Regional Economic RevitalizationRecent projects launched in several provinces, particularly in Djelfa, Saida, and Chlef, have contributed to creating economic dynamism in multiple regions. The announcement of a major food industry project launch in Relizane province next Monday further demonstrates the continuous momentum of investment implementation across Algeria.Algeria’s Regional Leadership in Foreign InvestmentAlgeria’s success in attracting foreign investment has positioned the country as the leading Maghreb nation in FDI attraction, with $1.21 billion in foreign direct investment flows in 2023, surpassing Morocco’s $1.09 billion. This achievement reflects the effectiveness of President Tebboune’s economic policies and Algeria’s growing reputation as a stable and attractive investment destination.The remarkable achievement of registering 270 foreign investment projects worth over $9 billion demonstrates Algeria’s successful transformation into a competitive investment hub, validating President Tebboune’s vision of economic diversification and international integration while maintaining national sovereignty over strategic resources.
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