The growing interest in foreign investment in Algeria is confirmed. The Algerian Investment Promotion Agency (AAPI) reviewed investment opportunities and the establishment of new projects in Algeria in the fields of the pharmaceutical industry, household appliances, and food processing. Foreign operators have expressed their interest in the Algerian market and, above all, their willingness to form partnerships with local operators.
The Director General of AAPI, Omar Rekkache, met with representatives of three companies operating in various sectors to discuss ways to establish new foreign investments in Algeria. This includes the Indian company Tenshi, a global leader in the pharmaceutical industry, which expressed interest in entering the Algerian market through investment projects in partnership with Algerian operators, particularly in the production of raw materials for the pharmaceutical industry, according to a statement from AAPI.
“LG Electronics Algeria SARL,” represented by company officials, also expressed its willingness to realize a new investment project in the household appliances sector, while showing openness to establishing partnerships with national operators for manufacturing its brands in Algeria.
This approach will enable technology and industrial know-how transfer, the creation of skilled jobs, strengthening of local integration, development of the national industrial fabric, and expansion of the presence of the South Korean company, a leader in the Algerian market, the Investment Promotion Agency specified. It noted that the two parties discussed the various options and mechanisms available to realize this project, whether independently or through partnerships with Algerian operators, particularly via the Partnership Exchange managed by the Agency, and the latter’s role in supporting and facilitating the rapid implementation of this investment.
Mr. Rekkache also received a delegation from the Vietnamese company Nutifood, specialized in the production and processing of coffee and milk, which operates several farms and factories in Vietnam. For its part, it expressed its desire to explore the national market with a view to realizing agricultural and industrial investments in this field. These meetings, held this Monday by the Director General of AAPI, “are part of encouraging and supporting productive investment and attracting foreign direct investment,” the Agency emphasized.