Algeria's Agence Algérienne de Promotion de l'Investissement (AAPI) is shifting its strategy to focus on on-the-ground presence, moving away from bureaucratic procedures. A recent visit by the agency's director-general to Boumerdès' El-Arbatache industrial zone aimed to evaluate project progress and ensure economic operators' commitments are being met. This approach prioritizes the transformation of promises into operational industrial units that create wealth and sustainable jobs.
The visit served as a barometer to measure the impact of recent economic reforms in Algeria, which aim to improve the business climate, encourage private initiative, and facilitate access to economic land. By engaging directly with investors, AAPI seeks to play an active role in resolving administrative bottlenecks and reducing implementation delays. This commitment to tangible results is reflected in large-scale projects that promote national industry and import substitution.
One notable project in Boumerdès is an aluminum can manufacturing unit for non-alcoholic beverages, using American technology. The facility is expected to produce 800 million units annually and create around 250 direct jobs. This project is strategic for Algeria, as the country currently spends approximately $120 million annually importing these containers. The plant's expected launch in early 2027 will cover nearly 40% of the local market's needs.
Another significant project in Boumerdès is a baby milk production facility with a nominal capacity of 5,000 tons per year. Designed to meet sensitive and recurrent national demand, this unit will strengthen the domestic market's supply and create over 100 direct jobs. The projects examined demonstrate a healthy sectoral diversification, encompassing agri-food, medical equipment, green technologies, and renewable energies.
AAPI is actively pursuing its policy of allocating developed economic land to high-value-added projects. The agency has granted 21 concession contracts for new industrial initiatives, including six signed during the Boumerdès evaluation day. These concessions focus on promising sectors such as food industries, medical devices, hygiene products, and solar panel production.
The total value of these investments amounts to approximately 33 billion Algerian dinars, reflecting regained investor confidence. Their implementation is expected to create over 3,600 direct jobs, contributing to the diversification of the productive structure and expanding local supply. AAPI's efforts aim to ensure that economic growth is tangible and benefits the national economy.
The agency's new approach appears to be yielding positive results, with several projects nearing completion. Algeria's economic development relies heavily on the success of such initiatives, which can help reduce dependence on imports and promote national industry. AAPI's commitment to monitoring and supporting these projects will be crucial in achieving these goals and driving sustainable economic growth.
Key points
- Algeria's AAPI agency is prioritizing on-the-ground presence to boost industrial projects and promote tangible economic growth.
- The agency has granted 21 concession contracts for new industrial initiatives in sectors such as food industries and renewable energies.
- The projects examined are expected to create over 3,600 direct jobs and contribute to the diversification of Algeria's productive structure.
