Algiers – Algeria recently hosted the National Forum on Legal Security, emphasizing the critical link between robust legal protections and thriving economic development. The event underscored the nation’s commitment to fostering a stable and attractive investment climate.
Government officials highlighted Algeria’s strategic position as a gateway to the Mediterranean and a dynamic economic hub. They emphasized the importance of strengthening domestic production, both locally and internationally, to achieve diversified and resilient economic sovereignty.
Experts in economics and law emphasized that a national, institutional approach is crucial for safeguarding administrative management of economic activities. They stressed the need to enhance the investment environment, particularly for sectors beyond hydrocarbons, and to revitalize Algerian industry. Building trust in the legal and economic systems is paramount for attracting both domestic and foreign investment, leading to sustainable and scalable national economic growth.
The forum served as a platform for robust discussions and the exchange of ideas among key economic and legal stakeholders. This collaborative environment reflects Algeria’s dedication to ensuring a stable investment landscape and protecting the rights of investors.
Sais: Partnership with the State for Reform
Mr. Slimane Sais, Acting President of the National Union of Public Contractors, reaffirmed the union’s commitment to partnering with the government on reform initiatives. He emphasized their support for measures that improve the efficiency of public enterprises and contribute to a strong, transparent, and prosperous national economy.
Mr. Sais highlighted that this commitment aligns with the far-reaching legal reforms initiated by the Algerian state, as emphasized by President Abdelmadjid Tebboune. These reforms aim to protect executives and managers from unwarranted criminal prosecution and to differentiate between administrative errors and criminal acts.
DZWatch will continue to provide updates on Algeria’s economic development.
