Investment climate in Algeria, continuously improving

April 10th, 2018

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APS : MONDAY 09 APRIL 2018

AMMAN (Jordan)- General Manager of the National Agency of Investment Development (ANDI), Abdelkrim Mansouri Sunday in Amman declared that the investment climate in Algeria is
” continuously improving” thanks to the “significant” measures taken by the government.
In a statement to APS on the sidelines of the 16th Arab Company Forum in Jordan, Mansouri presented the new investment bill, as “an important step in the economic reform process in order to set up stable, transparent, integrated and cohesive law to guarantee efficient achievement of the economic projects.”
In this regard, ANDI Manager said that the “judicious and well-crafted” new investment support mechanism which came in force in 2016 provides guarantees for the investors, in general, and the foreign investors, in particular. It cancels laws with retroactive effect and allows the transfer of assets and dividends, in addition to protection against administrative confiscation.
The investment support mechanism gives incentives to production projects in the services and goods sectors, and also in the key activities (industry and agriculture) through tax exemptions for period of 10 years, added Mansouri.
Answering a question about foreign investment projects launched with national operators, the official revealed that the number of these foreign investments, including with Arab partners, had risen, especially in 2017, to more than 167 projects.
The quality of investments recorded at ANDI shows an orientation towards the sectors of industry, tourism and major infrastructures, “in accordance with the objectives set by the government’s action plan and its strategy of the economic development and diversification in view of the current situation,” he added.