Prime Minister Seif Gheri inaugurated the board of directors of the Algerian Agency for Investment Promotion on Sunday, June 14, 2026. The Prime Minister stated that the move "falls within the state's efforts to enhance the attractiveness of the national economy and raise its ability to attract wealth-generating and job-creating investments." He added that the board is "called upon to play a key role in promoting the agency's performance by ensuring coordination among various stakeholders, arranging investment priorities, and enhancing the effectiveness of relevant public policies." Seif Gheri emphasized that "the magnitude of responsibilities placed on the council members requires redoubling efforts to elevate the agency's performance." This strategic step aims to significantly enhance the attractiveness of the national economy, thereby boosting its capacity to draw in investments that are key for generating wealth and creating much-needed jobs across various sectors. The government views this inauguration as a cornerstone in its broader economic development agenda.
Board's Key Responsibilities
The board of directors is tasked with playing a key role in improving the Algerian Agency for Investment Promotion's performance. This responsibility includes ensuring effective coordination among various stakeholders involved in investment processes, from project initiation to successful implementation. A core function of the board will be to arrange and prioritize investments, guiding the agency's efforts towards strategic sectors identified as critical for national growth and diversification. Additionally, the board is expected to enhance the effectiveness of relevant public policies that impact investment promotion and facilitation, ensuring a streamlined and investor-friendly environment. Through these actions, the board aims to contribute significantly to the agency's overarching goal of attracting wealth-generating and job-creating investments, aligning with the state's broader economic enhancement efforts. The board's structured approach is designed to create a more predictable and transparent investment landscape, which is essential for both domestic and international investors. Their work will directly support the national agenda for economic expansion and job creation, establishing a strong framework for future development.
National Investment Goals
Algeria has set an objective to implement 20,000 investment projects across the country before the close of 2029. This ambitious target shows the nation's strategic focus on accelerating economic development and diversifying its industrial base away from traditional sectors. The goal reflects the government's steadfast commitment to fostering a dynamic investment climate that attracts both domestic and foreign capital, essential for sustainable growth. Achieving this significant number of projects is anticipated to contribute significantly to job creation and wealth generation, directly aligning with the broader economic enhancement efforts articulated by Prime Minister Seif Gheri (سيفي غريب). The newly inaugurated board of the Algerian Agency for Investment Promotion (الوكالة الجزائرية لترقية الاستثمار) will be instrumental in prioritizing and facilitating these projects, ensuring they align with national development strategies and contribute to sustainable growth. The successful realization of these 20,000 projects is expected to transform the national economic landscape, fostering innovation and competitiveness.
Prime Minister's Vision
The inauguration of the Algerian Agency for Investment Promotion's board of directors is designed to bolster the national economy's appeal and its capability to draw investments that create both wealth and employment. This initiative is part of a broader government strategy focused on economic enhancement and diversification. The agency's role, through its new board, will be to streamline processes, remove bureaucratic hurdles, and create an environment conducive to significant economic growth. Officials anticipate that these concerted efforts will lead to a more dynamic investment climate, attracting both domestic and international capital eager to participate in Algeria's economic transformation. The Prime Minister's vision emphasizes a proactive approach to investment promotion, ensuring that Algeria remains competitive on the global stage for attracting capital. This move is seen as a critical step toward realizing the nation's long-term economic aspirations and ensuring prosperity for its citizens.
