Algiers – Algeria is experiencing a significant surge in investment activity, poised to generate substantial employment opportunities across various sectors. According to the Director-General of the Algerian Investment Promotion Agency, Omar Rekkache, the country has witnessed a remarkable upswing in investment since the implementation of new investment regulations in November 2022.
Speaking at a training event organized in collaboration with the Ministry of Vocational Training and Education, Mr. Rekkache revealed that registered projects are expected to create over 454,000 direct jobs. This development underscores the central role of employment in the ongoing investment reforms.
He further noted the considerable expansion of the project database, with 7,511 projects registered as of November 30th. This figure comprises 3,833 new projects, 3,562 expansion projects, and initiatives focused on rehabilitating existing businesses. This demonstrates that investment extends beyond attracting new players; it also encompasses enhancing the capabilities and market positioning of established companies.
Since November 2022, a total of 18,712 projects have been registered, representing a declared investment value of 8,049 billion dinars. Mr. Rekkache views these figures as a clear indication of growing confidence in the national investment climate, both in terms of project numbers and the substantial financial commitments made by investors.
However, Mr. Rekkache also highlighted the challenge posed by a shortage of qualified human resources. As numerous projects progress to the implementation and operational phases, the availability of a skilled workforce capable of meeting evolving demands becomes crucial, especially given the rapid technological advancements reshaping many industries.
He emphasized the need for closer coordination between investors and the vocational training sector to align training programs with the actual needs of projects, rather than relying on generic or outdated curricula. To address this gap, Mr. Rekkache announced the launch of an inter-agency platform connecting the Algerian Investment Promotion Agency’s information system with that of the Ministry of Vocational Training and Education. This platform aims to streamline the matching of skills with job opportunities and facilitate targeted training initiatives.
