Participants in the “International Economic Forum for Strategic Partnerships,” held in Algiers on Saturday, emphasized that the advantages Algeria offers to investors, thanks to recent economic reforms, make it well-positioned to attract significant foreign investments.
Speakers at the forum, organized by the Algerian Federation of Economy and Investment, highlighted that the measures and incentives introduced by the new investment law have simplified procedures for both local and foreign investors. They also noted the benefits of energy prices and the availability of skilled labor.
In this context, the President of the Federation, Abdallah Ben Araba, praised the measures and laws enacted by Algeria in recent years, such as the new investment law, the economic land law, and the monetary and banking law, among others. These reforms are in line with the country’s push towards digitization and the restructuring and organization of most advisory and executive specialized bodies and institutions.
Ben Araba emphasized that these reforms are “the path to economic revival, positioning Algeria as an economic powerhouse by early 2027.” He commended the “strong political will for change, reflected in the bold decisions of President Abdelmadjid Tebboune,” which will enhance Algeria’s non-hydrocarbon exports and boost local production.
On his part, the Secretary-General of the International Office of the Federation, Monsif Zemouchi, noted that Algeria’s human and material resources, coupled with energy price advantages, are likely to attract foreign investments. He confirmed that the Federation is working towards this goal by opening representative offices in many countries.
The Federation’s spokesperson and economic expert, Abdelkader Slimani, stated that Algeria has been experiencing an “economic renaissance” in recent years, especially following the enactment of the investment law and various reforms that have “established a conducive investment environment.”
In his speech, Mahmoud Al-Saeedi, a member of the Economic Affairs Committee in the Egyptian Parliament, described Algeria as a “fertile ground” for investment, given its significant natural resources. He highlighted “successful Egyptian investments in Algeria.”
Representatives of several Egyptian companies operating in Algeria also discussed the “positive impact of the improved investment climate in recent years” on their businesses, underscoring the importance of exchanging expertise between Algerian and Egyptian companies.
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Algeria poised to attract significant foreign investments
