Algiers, November 27, 2025 – Algeria has entered a new phase focused on establishing a strong and diversified economy open to investment, according to Minister of Industry, Yahia Bachir.
Speaking at the Algerian-Egyptian Business Forum in Cairo, held on the sidelines of the 9th session of the Joint Algerian-Egyptian High Committee, the Minister stated that Algeria, under the leadership of President Abdelmadjid Tebboune, is laying a solid foundation for a diversified and investment-friendly economy. This transformation is underpinned by profound reforms encompassing the legal, institutional, and governmental frameworks.
At the heart of these reforms, the Minister emphasized, is Law 22-18 concerning investment, which represents a turning point in improving the business climate. He also highlighted the establishment and reorganization of several specialized bodies, most notably the Algerian Investment Promotion Agency, the One-Stop Shop for Strategic Projects, and the National Industrial Land Agency.
This new framework, Bachir asserted, solidifies the principle of freedom of investment and initiative, removes previous bureaucratic obstacles, and stabilizes the legal environment. This provides investors with clear visibility, legislative security, and guarantees the freedom to transfer profits and capital for foreign investors.
The Minister noted that the implementation of this new system has facilitated the launch of thousands of projects during 2024 and 2025, including major industrial ventures in the fields of mechanical industries, food processing, chemicals, pharmaceuticals, and construction materials.
Regarding prospects for Algerian-Egyptian cooperation, the Minister identified key opportunities in the manufacturing of spare parts and mechanical components, processing industries, and new energy industries. He also mentioned the opening of a direct maritime route between Algeria and Egypt as a pivotal step in supporting bilateral trade, facilitating the movement of goods, and reducing logistical timeframes and costs, thereby accelerating the implementation of joint projects and increasing trade volume.
This initiative marks a significant step towards Algeria’s economic ambitions.
