Algerian Radio
Minister of Industry Yahia Bachir stated on Monday in Algiers that public authorities have implemented all necessary legal measures and guarantees over recent years to improve the investment climate. This comes within the framework of a national strategy aimed at diversifying the economy and increasing the Gross Domestic Product (GDP).
During a hearing before the National People's Assembly (APN) Committee on Economic Affairs, Development, Industry, Trade, and Planning—chaired by Committee President Samira Barhoum and dedicated to improving the investment climate—Mr. Bachir specified that Algeria is striving to create an environment that encourages capital holders, both domestic and foreign, to realize investment projects that create wealth and jobs. These projects must align with the "State's strategic objectives," which rely on "diversifying the productive base, substituting imports with national production, increasing exports, and raising the GDP."
In this regard, the Minister highlighted that "creating a favorable ecosystem for investment requires internationally recognized measures and guarantees capable of reassuring investors," explaining that "the national legal system has addressed this in accordance with a comprehensive and integrated vision."
He recalled the importance of the Investment Law, which provides "a set of guarantees and incentives aimed at earning investors' trust and ensuring the sustainability of their activities with peace of mind." He cited, in particular, the enshrinement of principles such as transparency, freedom of investment, equality among operators, protection against legislative changes, freedom of capital transfer for foreign investors, and protection of intellectual property rights.
The Minister also noted that several benefits had been introduced for specific industrial sectors through incentive legislation, particularly favoring the automotive industry, operators producing electronic and household appliance equipment, and subcontracting companies.
Furthermore, Mr. Bachir highlighted "the profound legal reforms regarding land intended for investment in Algeria, through the promulgation of Law 23-17 of November 15, 2023, and its implementing regulations."
Under this new law, the Algerian Investment Promotion Agency (AAPI) is the sole entity authorized to grant land, the Minister explained. He also recalled the adoption of digitization as a transparent and modern tool for land offers and requests, as well as the creation of three specialized land agencies tasked with providing the AAPI with industrial, tourist, and urban land to host investment projects.
In the same context, the Minister noted that "Algeria possesses an industrial land portfolio dedicated to investment comprising 756 industrial zones and activity zones across 56 provinces. This includes 50 industrial zones currently under development, which will contribute to boosting land availability in 39 wilayas."
Additionally, as part of the simplification of procedures, the Ministry is working to establish digital platforms to allow investors to track their files online, the Minister continued. He specified that this includes a platform for declaring data related to national production, as well as a digital platform dedicated to automotive manufacturing activities, car dealerships, and the importation of production lines and used agricultural equipment.
