Algiers, Algeria – Directing investment towards key productive sectors is crucial for Algeria’s economic growth, according to Omar Rekkache, Director General of the Algerian Investment Promotion Agency (AAPI). In a statement made Wednesday in Algiers, Rekkache emphasized the importance of prioritizing investments that enhance national integration, create added value, and ultimately improve the competitiveness of Algerian products.
Rekkache highlighted that strategic investment is not merely about attracting capital, but about channeling it into areas that will have the most significant impact on the Algerian economy. This includes sectors with the potential for high growth, job creation, and export diversification.
“Prioritizing investment in strategic sectors will allow us to increase the national integration rate, generate greater added value, and bolster the competitiveness of our national products,” Rekkache stated. He added that the AAPI is committed to facilitating investments that align with these national priorities.
The AAPI plays a vital role in promoting Algeria as an attractive investment destination and providing support to both domestic and foreign investors. The agency is actively working to streamline investment procedures, reduce bureaucratic hurdles, and create a more favorable business environment.
Analysts suggest that focusing on sectors such as renewable energy, agriculture, and technology could be particularly beneficial for Algeria in the long term. These sectors offer significant opportunities for innovation, job creation, and sustainable development.
By strategically directing investment towards these priority areas, Algeria aims to build a more resilient and diversified economy, capable of competing effectively in the global marketplace.
