The Algerian Agency for the Promotion of Investment (AAPI) has approved 79 new land plots, covering a total area of nearly 197.5 hectares, across eight provinces. This move aims to expand the country's investment landscape by providing more land for project developers. The provinces benefiting from this allocation include Oran, Relizane, Médéa, Bordj Bou Arréridj, Batna, Saïda, Ouled Djellal, and Tindouf.
The AAPI's decision was made during its second ordinary session, chaired by Abderrezak Azzab, President of the Board of Directors, and attended by Omar Rekkache, Director-General of AAPI. The new land plots will be integrated into the investor's digital platform, allowing economic operators to consult on land availability and review characteristics such as location, area, and purpose.
The digital platform serves as a centralized access point for project developers to browse available land plots and submit requests without multiple administrative steps. This system aims to enhance transparency in land access and reduce processing times for requests. By dematerializing the land access process, AAPI continues to facilitate investment in Algeria.
In addition to approving new land plots, the AAPI Board of Directors validated the allocation of economic land for 17 investment projects. These decisions were made after inter-ministerial consultation, reflecting the involvement of various sectors in the investment process. The Board comprises representatives from several ministries, ensuring that projects are evaluated based on multiple parameters.
The AAPI's efforts to mobilize land for investment are part of Algeria's broader strategy to attract investors and stimulate economic growth. By streamlining the land allocation process and providing a digital platform for investors, AAPI aims to improve the business environment in Algeria. The agency's actions are expected to have a positive impact on the country's investment climate.
The allocation of land plots and approval of investment projects demonstrate AAPI's commitment to supporting economic development in Algeria. The agency's work is crucial in promoting investment and creating opportunities for project developers. With its focus on transparency and efficiency, AAPI is helping to build a more attractive investment environment in Algeria.
Key stakeholders, including investors and government agencies, will benefit from AAPI's efforts to enhance land access and promote investment. The agency's initiatives are expected to contribute to Algeria's economic growth and development. By continuing to mobilize land and support investment projects, AAPI is playing a vital role in shaping Algeria's economic future.
Key points
- AAPI approves 79 new land plots spanning 197.5 hectares across eight provinces.
- The new land plots will be integrated into AAPI's digital platform for investors.
- AAPI also approves economic land allocation for 17 investment projects.
