The Algerian Investment Promotion Agency received a delegation of businessmen from Bosnia and Herzegovina on Wednesday at its headquarters. The working visit aimed to discuss opportunities for implementing investment projects in the industrial and energy sectors.
The delegation includes representatives from ENERGOINVEST, a leader in energy engineering and heavy electrical industries, led by its General Manager Mirza Ustamujic, alongside representatives from HIFA-OIL, led by its General Manager Izudin Ahmetlic.
During the meeting, ENERGOINVEST expressed its desire to implement an industrial investment in Algeria for the production of energy systems and equipment, particularly high-voltage circuit breakers, electrical transformers, and their components. The company expressed its readiness to establish a partnership with an Algerian operator using the latest technologies, while ensuring the transfer of expertise and technical knowledge.
This approach is part of the company’s strategy to expand its international presence. After entering several European markets, it seeks to enter the African market through Algeria, keeping pace with the growing dynamics of the country’s energy sector.
HIFA-OIL, the main distributor of petroleum products in Bosnia and Herzegovina, explained that its visit is part of exploring investment opportunities in the Algerian market and studying the possibility of launching a project that aligns with Algeria’s needs in the petroleum products sector. The company noted that a meeting with Sonatrach is scheduled to discuss cooperation and partnership prospects.
These discussions fall within a strategic direction aimed at attracting investments based on technology transfer and strengthening local industrial integration. This allows for the development of value chains in the industrial and energy sectors, increasing local content rates, and enhancing national capabilities in engineering and electrical industries, as well as creating quality job opportunities and supporting Algeria’s position as a regional industrial and energy hub.
In this context, the General Manager of the Agency confirmed its readiness to accompany Bosnian investors through the various stages of implementing their projects. He highlighted the range of tax and parafiscal advantages and incentives, in addition to the benefits related to economic land provided by the legal framework governing investment in Algeria.
At the conclusion of the meeting, the General Manager reaffirmed the Agency’s commitment to providing all necessary facilities and support to ensure the realization of successful investment projects that contribute to supporting economic development and strengthening international industrial partnerships.
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