The Director General of the Algerian Investment Promotion Agency, Omar Rekkach, received a delegation from the Algerian Chemical Specialties Holding (ACS) today, Sunday, at the agency’s headquarters. The delegation was led by the group’s CEO, Samir Yahiaoui, as part of a series of consultative meetings initiated by the agency with various economic operators to direct productive investments toward priority activities for the national economy.
This meeting comes within the framework of the agency’s efforts to enhance consultation and coordination with economic actors from both the public and private sectors. This support aims to foster productive investment and contribute to the promotion of investment in industrial activity sectors that are considered priorities for the national economy.
The Algerian Chemical Specialties Holding operates in the chemical and parapharmaceutical industries. Its portfolio includes four industrial groups and seven public economic enterprises, producing a wide range of materials, including plastics, paper and cardboard, glass, detergents, and paints, in addition to personal care products and parapharmaceutical materials.
During the meeting, Yahiaoui gave a presentation on the group’s activities, highlighting the most prominent investment projects planned for the coming period. These include projects for the production of fiberglass, optical fibers, sodium carbonate, reverse osmosis membranes, and various types of ink.
In this context, he noted that the holding company is seeking national or foreign partners to begin implementing these projects, expressing his aspiration to strengthen coordination with the Algerian Investment Promotion Agency and benefit from its support throughout the various stages of project completion.
For his part, Rekkach confirmed the agency’s readiness to support the holding company in realizing its investment projects by providing the necessary facilities and supporting its investment path. This aims to accelerate the pace of project completion and strengthen the national industrial base in the field of chemical industries, which is considered one of the strategic priority sectors for the national economy.
The Director General of the agency praised the efforts made by the group’s CEO and his management team to improve the performance of this strategic group and enhance its contribution to the development of chemical industries and the national economy. He also highlighted that the proposed projects represent promising opportunities to develop local production for several raw materials used in vital industries, thereby strengthening national value chains, reducing dependence on imports, and achieving added value for the national economy.
