Less than two months from the inauguration of the Algerian Investment Promotion Agency (Aapi) and the one-stop shop attached to it, the investment machine is now running at full speed in Algeria. Indeed, the one-stop shop for major projects and foreign investments recorded during the last two months,
29 investment projects, with 92 billion dinars at stake.
This figure includes 22 projects by foreign investors or in partnerships between national and foreign operators, while the remaining seven projects are national. This result obtained in record time and as communicated by the director of the counter, Ahmed Berrichi, recalls this immutable truth: confidence pays.
Indeed, it was in a surge of confidence and determination that Prime Minister Aimene Benabderrahmane announced major measures last fall to boost non-hydrocarbon exports. And it is in the wake of this important announcement that he offered all the assurances to business leaders and project leaders, whether national or foreign, so that they invest in Algeria. Thus, and in the light of the new investment law, the PM had inaugurated in mid-October 2022 the Aapi and the one-stop shop for major projects and foreign investments.
A space exclusively dedicated, therefore, to investors who have been assured from the outset of all the facilities as to the outcome of their administrative procedures. Finally the bet is successful, especially since foreign investors are there.
Completion of these 29 projects should lead to the creation of 3,700 direct jobs, Berrichi said during an information day on the 2023 finance law, organized by the Professional Association of Banks and Financial Institutions ( abef).
These new registered projects relate in particular to the sectors of construction materials, renewable energies, agriculture, the processing industry including plastics and chemical products intended for industry, according to the same official who added that for In the automotive sector, only one project was entered, which is that of the Stellantis group, owner of the Italian brand Fiat.
Berrichi underlined, in this sense, that the new law on investment devotes a break with certain restrictive measures to the act of investing while really introducing the freedom of initiative, recalling that this text has allowed the reconfiguration of the ‘Aapi with the establishment, at the end of last October, of the single window and decentralized windows, as well as the digital investor platform as a tool guaranteeing the transparency of procedures and the processing of economic operators’ files. Certainly, in terms of investment, it is the click.
Is it not that Prime Minister Aimene Benabderrahmane had to renew his confidence in the operators and said he was convinced of their ability to achieve the objective of freeing oneself from dependence on hydrocarbons. “The State will support economic operators by granting them facilities, in particular through the digitization of the tax system and the reduction of charges, and this, within the framework of a global approach which will have a positive impact on non-hydrocarbon revenues. of the country,” he explained.
It should be noted that during the Information Day on the 2023 finance law, the Director General of Taxes (DGI) Amel Abdellatif indicated that the measures contained in the 2023 finance law constituted a continuation of the measures taken by the authorities. in recent years in support of investment, export and tax facilitation and harmonization. “Several advantages have been decided within the framework of the 2023 finance law, in particular those related to the exemption from corporate income tax (IBS) and tax on professional activity (TAP)”, said she declared during this meeting which was held in the presence of representatives of the banking and insurance sectors, taxes and customs.
