The Algerian authorities have reaffirmed their commitment to improving the business climate and accelerating the implementation of investment projects, following the inauguration of the new Board of Directors of the Algerian Investment Promotion Agency (AAPI).
Presiding over the ceremony on Sunday in Algiers, Minister of Industry Sifi Ghrieb assured that the government would continue its efforts to provide investors with a qualitative and efficient public service while strengthening support for project leaders at every stage of development.
This statement comes as Algeria seeks to attract more productive investment to diversify an economy that remains heavily dependent on oil and gas. The authorities frequently highlight reforms undertaken in recent years aimed at cutting red tape and boosting the country’s economic attractiveness. Speaking before representatives from relevant ministries, employers’ organizations, and professional associations, the minister called for a mobilization of all public stakeholders to fast-track approved projects and enhance the efficiency of support mechanisms.
In particular, Sifi Ghrieb recalled the ambitious target set by President Abdelmadjid Tebboune to successfully deliver 20,000 investment projects by the end of 2029. According to officials, this ambition is expected to stimulate growth, create jobs, and drive the transformation of the national economy. Despite these optimistic announcements, several observers believe the primary challenge remains translating institutional commitments into tangible results on the ground, as investors continue to report administrative delays and bureaucratic bottlenecks that threaten to stifle investment initiatives.
MK/te/lb/abj/APA