Algerian Radio
Algerian officials affirmed, during an economic symposium organized by the Consulate General of Algeria in Geneva in partnership with the Algerian Investment Promotion Agency (AAPI), that Algeria today offers promising investment opportunities in light of economic reforms aimed at improving the business climate and enhancing investment attractiveness. They called on members of the national community residing abroad to contribute to the developmental dynamic the country is experiencing.
The symposium, organized on Wednesday evening in the Swiss city of Geneva under the slogan "Investment in Algeria: Opportunities and Prospects," brought together more than 250 participants from the national community residing in Switzerland, particularly professionals and businessmen interested in investing. The event saw the participation of the Secretary of State to the Minister of Foreign Affairs in charge of the National Community Abroad, Sofiane Chaib, and the presence of Omar Rekkache, Director General of the Algerian Investment Promotion Agency.
In a speech delivered via videoconference, Mr. Sofiane Chaib highlighted the economic dynamic Algeria is experiencing thanks to the structural reforms initiated by public authorities to improve the business climate. He emphasized the importance of the diaspora members' contribution in realizing qualitative investment projects with added value.
For his part, the Consul General of Algeria in Geneva, Reda Boulassel, affirmed that the Algerian community in Switzerland represents an important economic force and valuable human capital. He highlighted the consular services' keenness to strengthen bridges of communication between community members and Algerian economic bodies, allowing for the utilization of their expertise and skills, and encouraging them to invest and contribute to national development.
During the symposium, the Director General of the Algerian Investment Promotion Agency reviewed the attractiveness of the business climate in Algeria and the legal framework governing investment, as well as the facilities, guarantees, and incentives it provides for the benefit of national and foreign investors.
Mr. Rekkache also highlighted the role played by the Agency and its one-stop shops in accompanying investors and project holders—particularly members of the Algerian community residing abroad—by simplifying administrative procedures and facilitating the realization of investment projects across various economic sectors.
The meeting provided an opportunity to showcase the rich economic potential of Algeria and the investment opportunities available in several sectors. This aims to enhance the contribution of the national community abroad to the country's economic and developmental momentum.
The symposium witnessed wide interaction from the participants, who expressed strong interest in launching investment projects in multiple fields. This falls within the framework of efforts aimed at consolidating ties with Algerian professionals residing abroad, encouraging them to invest, contribute to wealth and job creation, and support national economic development.
