Algerian Radio
The Prime Minister, Mr. Sifi Ghrieb, reaffirmed this Sunday in Algiers the government's commitment to continue providing all the necessary conditions to guarantee a high-quality and effective public service for the benefit of investment project holders and to support them within the framework of efforts to improve the business environment in the country. This came while he was overseeing the installation ceremony of the members of the Board of Directors of the Algerian Investment Promotion Agency.
The installation ceremony of the agency's board of directors, which is composed of the Secretaries-General of the ministries related to investment, took place in the presence of a number of government members, officials from various bodies, and the Director General of the Algerian Investment Promotion Agency, Omar Rekkache, alongside the heads of employers' organizations and professional associations.
In his speech, Mr. Sifi Ghrieb reaffirmed "the government's commitment to continue providing all the necessary conditions to guarantee a high-quality and effective public service for the benefit of investment project holders and to support them in an integrated manner throughout the various stages of materializing their projects, in a way that enhances performance efficiency, raises the quality of care, and contributes to accelerating the realization of investments on the ground."
In this context, the Prime Minister highlighted the importance of "the combined efforts of all actors to achieve the ambitious goal of effectively materializing 20,000 investment projects, which was set by the President of the Republic, Mr. Abdelmadjid Tebboune, before the end of the year 2029." This reflects, as he stated, "the state's political will to bring about a qualitative shift in the national economy, strengthen the foundations of sustainable development, and create wealth and job positions."
Regarding the installation of the board, he explained that it falls within "the continuation of implementing the reforms approved by the President of the Republic in the field of promoting investment and improving the business environment, in a way that enhances the attractiveness of the national economy and raises its capacity to attract investments that generate wealth and job positions."
This practical step comes—as he added—"as an institutional mechanism aimed at enhancing effectiveness and efficiency in the management of the Algerian Investment Promotion Agency, within the framework of materializing the new regulatory provisions, particularly Executive Decree No. 26-153 dated April 14, 2026, which includes the reorganization of the agency and the strengthening of its powers and working mechanisms."
The Prime Minister pointed out that the installation of the board "coincides with the launch of the process to install representatives of public administrations and bodies at the level of the single windows for investment, equipped with signing authority and the full powers legally granted to them. This will allow for direct decision-making and the processing of investment files at the single-window level, marking a qualitative step toward simplifying procedures and reducing the timelines for completing investment projects."
On this occasion, Mr. Ghrieb considered that raising the level of representation within the board to the level of Secretaries-General of the ministries concerned with the investment file "reflects the state's will to provide the agency with more effective tools for coordination and decision-making, allowing it to optimally address the concerns of investors and support their projects, particularly regarding the allocation of economic land."
This choice also embodies—the Prime Minister added—"a new orientation in investment governance, which is based on combining a proactive vision in identifying investments capable of actual materialization before initiating procedures, and a forward-looking vision in directing investment toward priority sectors for the national economy."
This is done—the Prime Minister continued—"in accordance with the strategic orientations of the government, ensuring that the investment effort is directed toward activities with high added value and a direct developmental impact, particularly in providing job positions and achieving balanced regional development." He called on the board of directors to "play a pivotal role in strengthening the agency's position by ensuring harmony among various stakeholders, setting investment priorities, and enhancing the effectiveness of public policies related to promoting investment."
Given its composition, the board will serve as "a permanent framework for consultation, coordination, and decision-making, allowing for the alignment of sectoral policies with the requirements of investment promotion, and ensuring the rapid and effective handling of files that require the simultaneous intervention of multiple sectors."
Given its composition, the board will serve as "a permanent framework for consultation, coordination, and decision-making, allowing for the alignment of sectoral policies with the requirements of investment promotion, and ensuring the rapid and effective handling of files that require the simultaneous intervention of multiple sectors."
Mr. Sifi Ghrieb urged the board members to work toward ensuring "the highest degrees of harmony and efficiency in reviewing the files presented to them by the agency, and taking decisions within appropriate timelines in line with the requirements of effectiveness and speed dictated by the investment field."
He also expressed his confidence in the board of directors, noting that "despite the multiplicity of tasks falling upon them and the heavy responsibilities associated with them at the level of the ministerial departments they represent, they will fulfill this mission to the fullest, in a manner worthy of the level of confidence placed in them by the President of the Republic, reflecting the magnitude of the responsibility entrusted to you, and contributing to enhancing the agency's performance and consolidating its role in supporting the national economy."
