BECHAR – The new investment law is a “real achievement” for integrated and sustainable development, said Saturday in Bechar, speakers at an information day, organized at the initiative of the Algerian Investors Forum (FDIA ).
The provisions of this law, in addition to reflecting a “genuine desire” for the establishment of a business climate encouraging the promoters of national and foreign projects, also come to “concretize an integrated and sustainable development in the wilayas of the south in particular”, they underlined.
The President of the FDIA, Mohamed Nadir Hazaimia, on this occasion, indicated that this new law on investment gave rise to the promulgation of a legal framework allowing national and foreign investors to benefit from guarantees for their investments in the South of the country, which will result “certainly in a dynamic of socio-economic development in this region”.
And to add: “the new law on investment stems from a sincere desire of the President of the Republic, Mr. Abdelmadjid Tebboune, to establish local and national development through entrepreneurship and investment, creators of wealth and jobs, and likely to promote the various agricultural, tourist, mining and industrial potentialities in the south of the country”.
For his part, Youcef Ghazi, president of the Algerian-Mauritanian business council, indicated that the new law encouraged investment in the south of the country. “We encourage and encourage operators, both public and private, to invest in the South, which is also a gateway to the countries of the Sahel, through the border posts of Bordj-Badji Mokhtar and Timiaouine for Mali and the of Ain-Guezzam for Niger and Mauritania from that of Tindouf”, he continued.
During this meeting, Mr. Ghazi indicated that trade between Algeria and Mauritania from the border post “Mustapha Ben Boulaid” of Tindouf allowed the realization of exports of Algerian products towards this country, a value of 50 million DA in 2019 and one (1) billion DA in 2020. “This demonstrates the quality of national products and the interest for national investors in conquering the markets of the Sahel countries and beyond , the other countries further south of the Continent”.
Speaking on this occasion, the head of the local executive, Mohamed Saïd Ben Kamou, affirmed that the wilaya was ready to meet all the necessary conditions for the encouragement and promotion of investments in the region.
For the regional manager of the South-West of the FDIA, Houari Boumediene Bih, the FDIA wants to be a locomotive of national and foreign investments in the south of the country, which conceals important agricultural, tourist, mining and industrial resources, which must be exploited in the best way to bring about a real take-off of socio-economic development in this region of the country.
Placed under the slogan “The South, an investment station for Africa”, the meeting took place in the presence of investors, representatives of national and local organizations as well as the presidents of the eleven communal popular assemblies (APC ) from Bechar.