Algeria is strengthening its economic ties with Bosnia-Herzegovina through a strategic partnership aimed at boosting foreign investment. Omar Rekkache, Director General of the Algerian Agency for the Promotion of Investment (AAPI), met with Marko Kubatlija, his counterpart from the Bosnian Agency for Foreign Investment Promotion (FIPA), during Kubatlija's visit to Algeria for the 57th Algiers International Fair (FIA).
Algeria Bosnia investment cooperation
The high-level meeting, also attended by Edita Turkovic, Vice-President of the Bosnian Employers' Organization (SBO), focused on enhancing economic and investment cooperation between the two nations. Both agencies detailed their roles in promoting national investments and supporting projects from inception to operational launch.
Rekkache provided an overview of Algeria's business environment, detailing recent reforms designed to enhance investment attractiveness. He emphasized the significant potential and opportunities available across key sectors, including mining, agriculture, strategic crops, industry, energy, and renewable energy.
Discussions also centered on concrete measures to bolster inter-agency cooperation in investment promotion. Both parties agreed to draft a Memorandum of Understanding (MoU) to establish clear mechanisms for collaboration. This MoU will facilitate the exchange of expertise and best practices in investment promotion, alongside sharing crucial information on available investment opportunities in both Algeria and Bosnia-Herzegovina.
Related topics: Algeria investment, Bosnia Herzegovina, economic cooperation, foreign investment, AAPI, FIPA
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