Today, Sunday, the Director-General of the Algerian Investment Promotion Agency, Omar Rakach, oversaw the distribution of 73 resolutions concerning 11 provinces, in addition to 26 resolutions that were under review by the committee of experts appointed by the agency.
This distribution comes as a continuation of the first meeting organized by the Algerian Investment Promotion Agency on March 26th, during which 97 resolutions concerning 17 provinces were distributed.
The total number of allocations granted since the beginning of the process has reached 196 property allocations, with a total investment amount approved of approximately 278 billion Algerian dinars, committing to creating more than 27,200 permanent job positions, not including indirect employment positions.
There are also 39 property allocations under review by the expert committee, and the owners will be informed of the results directly through their registered accounts on the platform once they are finalized.
In his remarks, the Director-General of the Algerian Investment Promotion Agency, Omar Rakach, stated that the agency, through organizing this event, aims to send a message to all stakeholders in the investment field that “the process has truly and effectively begun, emphasizing that it is not a matter of occasional circumstantial work, and the process will continue automatically through the digital investor platform while strictly adhering to the legal provisions and regulatory texts introduced by the reforms approved by President Abdelmadjid Tebboune.”
Rakach reiterated the agency’s commitment to continuing its efforts to streamline procedures and facilitate the process through continuous improvement of the investor digital platform’s services. The agency also seeks to coordinate with the High Commissioner for Digitization and all relevant administrations involved in investment procedures to ensure smooth operation that will lead to investors obtaining various licenses and monitoring the progress of investment file studies at various stages.
In the same context, the agency will begin next week to present new property allocations automatically, with the inclusion of about ten new provinces in the platform to benefit from their economic properties directed towards investment, in coordination and consultative approach with various ministries, governors, and investors.
It is worth noting that the meeting, held at the headquarters of the Housing Bank in the capital, was attended by a ministerial delegation represented by the Minister of Post and Telecommunications, the Minister of Housing, Urban Planning, and the City, the Minister of Tourism, the Minister of Industry, the Director of the Prime Minister’s Office, the High Commissioner for Digitization, and the Director-General of Customs.
