The General Director of the Algerian Agency for Investment Promotion (AAPI), Omar Rekkache, received on Sunday a delegation from the holding company Algeria Chemical Specialities (ACS), led by the group’s CEO, Samir Yahiaoui, to examine concrete ways of turning promising investment opportunities into operational projects.
The meeting fits into a series of consultation sessions initiated by the AAPI with various economic operators, “aimed at channelling productive investments towards priority activities and strengthening coordination with actors from both the public and private sectors, in the service of the national economy”, according to an AAPI statement released yesterday. Mr. Yahiaoui delivered a detailed presentation on the holding’s activities, which encompass four industrial groups and seven public enterprises operating in the fields of plastics, paper, glass and detergents, as well as para‑pharmaceutical products. He also outlined key future projects, including the production of glass fibre, optical fibre, sodium carbonate, reverse‑osmosis membranes and ink.
The holding is actively “seeking domestic or foreign partners to move these projects forward”, and its CEO expressed the desire to benefit from the AAPI’s support at all stages of project implementation. For his part, Mr. Rekkache stated the agency’s readiness to accompany ACS in carrying out its investment projects, ensuring all necessary facilitations to support their progress. He stressed that the proposed projects represent “promising opportunities for the development of local production of raw materials for bio‑industries, capable of strengthening national value chains and contributing to reducing dependence on imports.”
He also praised the management team of this strategic group for its efforts to improve performance and reinforce its contribution to the development of the chemical industries and to the broader national economy, underlining the importance of the chemical‑industries sector as one of the key priority sectors for the Algerian economy.