Algeria Invest Conference-DR

Algeria: economic forum to reposition the country as investment destination

More than 500 foreign investors and over 2500 national operators are expected to participate in the first edition of the “Algeria Invest Conference (AIC)” that will take place on November 6 and 7 at the “Centre international de Conférences” in Algiers. The event is designed to highlight the country’s economic assets.

By Nadjoua Khelil, Algiers

At a press conference in Holiday Inn Algiers Cheraga Towers on September 27, the organizers of the AIC said the objective of this economic event is to “reposition Algeria as one of the countries attractive to investment, especially with the new investment code that will be ready by the end of October. It is also a good opportunity to discuss “improvements in the country’s business climate,” said Racim Benghanem, CEO of BG ICC, the company organizing the event. 

Launching debate on role of investment in economic recovery 

In fact, the AIC should “launch a debate on the role of investment in the economic recovery and highlight the opportunities and potential of Algeria in terms of investment and human resources in certain sectors,” says the head of BG ICC, which is also the initiator of the platform Algerian Export. Among the main segments of activity likely to attract investors, the sectors of energy and mining, renewable energy, agriculture, finance, digital, transport and logistics and the pharmaceutical industry. In detail, the AIC should feature several workshops, B2B meetings, a dozen conferences and debates and see the participation of foreign delegations. 

« Building win-win partnership between different economic operators »

So many activities that should ultimately allow “building win-win partnerships between different economic operators,” Benghanem wants to believe. He also deems “necessary to have a legal stability” for the country to become an attractive destination for investors. And concludes by wishing that “the new Algerian investment code [would] fit into this logic.

One thing is for sure, the initiative will be closely monitored by the major economic players, both public and private. The above-mentioned press conference was attended by ambassador of Cote d’Ivoire in Algeria, Voho Sahi Alphonse, president of the Algerian Confederation of Citizen Employers (CAPC), Sami Agli, president of the Algerian Group of Digital Actors (GAAN), Tadjeddine Bachir as well as head of the National Advisory Council for the Promotion of SMEs, Adel Bensaci.

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