Rakash: We registered 4,651 investment projects until the end of November 2023 – Algerian Dialogue


The Director General of the Algerian Agency for Investment Promotion, Omar Rekache, revealed that the number of projects registered at the agency level had reached 4,651 investment projects until the end of November 2023.
During a press conference held on the sidelines of the opening ceremony of the third edition of the Algerian Symposium on Investment, held in Algiers over two days, Rakash explained that this number represents “the number of projects registered since November 1, 2022, the date the agency began its activity, until last November 30.” “.
The spokesman indicated that this number includes “90 projects involving foreigners, including foreign direct investment projects and investment projects within the framework of partnership.”
Rakach added that the Algerian Investment Promotion Agency has initiated a process aimed at ensuring that clients who have registered projects have actually begun the stage of their implementation, noting that this effort was “absolutely not a monitoring process, but rather a way to know the rate of completion of these projects and identify obstacles that could be the cause.” “With the delay in launching these investments, with the aim of accompanying them.”
Regarding Algeria’s position on the international scene, especially the continental one, in the field of investment, the Director General of the Agency indicated in his intervention the initiation of procedures to “join the most active international organizations” (in the field of investment), announcing on the same occasion that “the Agency will be a member of International Association of Investment Promotion Agencies starting from January 2024.”
He explained that “the application was officially submitted last week in New Delhi (India) by the representative of the Algerian Investment Promotion Agency, who participated in the twenty-seventh edition of the World Investment Conference” (from 11 to 14 December this month), adding that the agency is also preparing to join the African Association of Investment Promotion Agencies. Investment.”
Rakash stressed that this accession aims to “obtain a position that is at the level of Algeria’s capabilities and position in the region.”
On the other hand, the official indicated that the agency “will devote a global investment day in Algeria under the slogan ‘Invest in Algeria’ (Invest DZ), which will be an annual date special for promoting investment in Algeria.”
As for the digital platform for the investor that will process files for granting economic real estate, which the agency runs in accordance with the law that specifies the conditions and methods for granting economic real estate belonging to the state’s private property and directed to the completion of investment projects, the same official confirmed that its launch will take place “after publishing the texts and completing the technical preparations,” adding that “We hope to launch the grants procedure at the latest by the end of the first trimester of 2024.”

#Rakash #registered #investment #projects #November #Algerian #Dialogue

#oussama_boulegheb #elhiwardz #elhiwar #elhiwar-en

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

يجي اقاف حظر إعلانك

يجي اقاف حظر إعلانك وشكرا