Today, Sunday, Prime Minister Sifi Gharib supervised the installation of the Board of Directors of the Algerian Investment Promotion Agency. The Prime Minister stated, on the sidelines of the inauguration ceremony, that the Board of Directors of the Algerian Investment Promotion Agency is a step within the continuation of the implementation of the reforms approved by the President of the Republic in the field of investment promotion and improving the business climate.
He continued: “The Board of Directors of the Algerian Investment Promotion Agency was appointed to enhance the attractiveness of the national economy and increase its ability to attract wealth-producing investments and job opportunities.”
The Prime Minister indicated that the installation of this council coincides with the launch of the process of installing representatives of departments and public bodies at the level of investment single windows, accompanied by authorizations of signature and full powers granted to them by law. Gharib stressed that raising the level of representation within the agency’s board of directors to the level of secretaries-general of the ministries concerned with the investment file and its procedures reflects the state’s will to empower the agency with more effective tools in coordination and decision-making, allowing it to optimally take care of investors’ concerns and accompany their projects, especially with regard to directing economic real estate. This choice embodies – adds the Minister – a new trend in investment governance, which is based on combining a proactive view in identifying investments that can be actually implemented before commencing procedures, and a forward-looking view in directing investment towards priority sectors for the national economy, in accordance with the strategic directions of the government, ensuring that the investment effort is directed towards activities with high added value and a direct developmental impact, especially providing jobs and achieving balanced regional development. The Prime Minister called on the Board of Directors to play a pivotal role in strengthening the position of the Algerian Agency for Investment Promotion, by ensuring harmony between the various stakeholders, arranging investment priorities, and enhancing the effectiveness of public policies related to investment promotion, adding that “the Council, given its composition that includes the General Secretaries of the relevant ministries, will be a permanent framework for consultation, coordination and decision-making, allowing to ensure harmony between sectoral policies and investment promotion requirements, and to quickly and effectively handle files of a horizontal nature that require intervention.” Several sectors at once.
