The Algerian Government activates an action plan to promote investment by establishing organizational and financial reforms in its investment regulations. These measures will soon be approved in Parliament. Among them, the reduction in bureaucracy and the establishment of an efficient single window stand out.
According to publication El Moudjahid, the objective of this action plan is improve the investment climate in the country. It is intended to create a arbitration commission to supervise relations between management and investors. Furthermore, the Government is committed to putting into operation a business climate evaluation mechanism, which will assist promoters in their potential investments, in coordination with current institutions and policies and potential business opportunities. Likewise, the creation of the single window will give rise to a service center for investors.
As for the public companies (EPEs) It is intended to relaunch its activities by taking advantage of its assets, creating holdings or public-private partnerships (PPP). Financial measures will also be sought to relaunch the activity of some export companies.
In general, several support actions for companies within the framework of the systems of the National Agency for Business Support and Development (ANADE), the National Agency for Microcredit Management (ANGEM) and the National Unemployment Insurance Fund (CNAC).
This initiative comes after the decrease of 19 % in Foreign Direct Investment (FDI) towards Algeria in 2020, announced last June.
Launch of the 'Algeria Invest' platform
Source: ICEX
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