The Algerian Investment Promotion Agency held its second ordinary session on October 5, 2026, at its headquarters. The meeting was chaired by Abdelrazak Azab, President of the Council, and attended by Omar Rekache, General Manager of the Agency. The session aimed to implement regulatory provisions related to the agency's organization and conditions for granting economic land for investment projects. The agenda included two main points: approving new real estate parcels and reviewing investment projects.
During the session, the Council approved 79 new real estate parcels, covering a total area of 197.5 hectares, distributed across eight provinces: Bordj Bou Arreridj, Medea, Oran, Oulad Djellal, Relizane, Tindouf, Saida, and Batna. These parcels will be displayed on the investor's digital platform soon. This move aims to attract investors and promote economic development in the country. The parcels are expected to be showcased online, providing investors with opportunities to explore and invest in various sectors.
The Council also reviewed and approved 17 investment projects, allowing them to benefit from the economic land. The projects were selected after evaluating applications submitted by their owners. The approved projects will contribute to the country's economic growth and create new job opportunities. The agency's efforts focus on supporting investors and providing them with necessary resources to launch their projects.
The Algerian Investment Promotion Agency's Council comprises general secretaries from various ministerial sectors, including foreign affairs, hydrocarbons, mining, local authorities, finance, industry, agriculture, energy, urban planning, trade, tourism, environment, and employment. This diverse representation ensures that the agency's decisions align with the country's overall economic strategy and policies.
The approved real estate parcels and investment projects align with Algeria's efforts to boost economic development and attract foreign investment. The country's investment promotion agency plays a crucial role in facilitating the process and providing support to investors. By streamlining procedures and offering attractive investment opportunities, the agency aims to position Algeria as a prime destination for investors.
The digital platform for investors is an essential tool for promoting Algeria's investment opportunities. It provides a one-stop-shop for investors to access information, submit applications, and track their progress. The platform's launch is part of the country's efforts to enhance transparency and efficiency in the investment process. By leveraging technology, the agency can reach a broader audience and attract more investors.
The Algerian government's efforts to promote investment and economic growth have yielded positive results. The approval of new real estate parcels and investment projects demonstrates the country's commitment to creating a favorable business environment. As the agency continues to implement its strategy, Algeria is likely to attract more investors and achieve sustainable economic growth.
Key points
- Algeria's Investment Promotion Agency approves 79 new real estate parcels covering 197.5 hectares.
- The approved parcels will be displayed on the investor's digital platform soon.
- The agency also approved 17 investment projects, allowing them to benefit from economic land.
