Algiers, Algeria – A significant partnership aimed at bolstering investment and economic development was launched today in Algiers. The Algerian Investment Promotion Agency (AIPA) and the German Federal Ministry for Economic Affairs and Energy (BMWi) have initiated an institutional twinning program designed to foster collaboration and knowledge exchange.
The program’s primary objective is to enhance Algeria’s capacity to attract high-quality investments that contribute to sustainable economic growth. By leveraging Germany’s extensive experience in investment promotion and economic policy, the AIPA aims to refine its strategies and improve its effectiveness in attracting foreign direct investment (FDI).
“This twinning program represents a crucial step in strengthening economic ties between Algeria and Germany,” stated a representative from AIPA during the launch ceremony. “We are confident that this collaboration will provide invaluable insights and best practices that will enable us to create a more attractive investment climate in Algeria.”
The initiative will involve a series of workshops, training sessions, and expert exchanges focused on key areas such as investment policy, regulatory frameworks, and investor targeting. German experts will work closely with their Algerian counterparts to identify opportunities for improvement and to develop tailored solutions that address Algeria’s specific needs.
The partnership underscores Algeria’s commitment to diversifying its economy and attracting foreign investment in sectors beyond hydrocarbons. It also reflects Germany’s interest in supporting Algeria’s economic development and fostering closer business relationships between the two countries. The program is expected to run for two years and will be closely monitored to ensure its effectiveness in achieving its objectives.
This collaboration follows a series of recent initiatives by the Algerian government to improve the business environment and attract foreign investors. The AIPA has been actively working to streamline investment procedures, reduce bureaucratic hurdles, and promote Algeria as a competitive investment destination.
