Algiers Evening Attracts FDI
The latest American report on the business climate in Algeria reveals long-term investment opportunities across multiple sectors, including hydrocarbons, agriculture, information technology, and mining. This comes amid legislative reforms and new laws that encourage foreign investment. The report highlights that the Investment Law of 2022 reinforces principles of investment freedom and transparency, while providing guarantees for intellectual property protection. It also offers incentives such as customs and tax exemptions, along with streamlined procedures, despite some bureaucratic challenges. Additionally, the Hydrocarbons Law of 2019 and the Mining Law aim to improve investment conditions and attract international investors, including the removal of the 51/49 ownership rule in certain sectors and the strengthening of foreign investors’ rights. Algeria is considered an important destination for foreign direct investment, especially given the challenges posed to the European energy market by the Russia-Ukraine war. The country supports infrastructure development and offers incentives to attract foreign capital.
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