Important investment contracts expected at the African -African Trade Exhibition – New Algeria

It is expected to be signed on several Investment contracts A commercial includes multiple sectors between Algeria and other countries during the African -African Trade Exhibition to be organized from 4 to 10 September in Algiers, according to the Director General of the Algerian Agency for the Promotion of Investment, Omar Rakash.
Rakash explained in a statement to “Waj” that “the exhibition’s works are expected to be crowned with investment and commercial contracts and partnerships between private from Algeria and several foreign countries from various continents participating,” noting that “the registration of 175 intentions is a registration partnership Negotiations On both sides, it is expected to turn into decades during the event, which will also witness an intention to finance foreign projects in Algeria.

By the way, the Director General stressed that this exhibition will constitute an opportunity to enhance partnerships, especially Africanism Including, within the framework of the African continental free trade zone (Zcalaf), through various commercial contracts that will have a direct and significant impact on bringing investments to Algeria.

He also stressed that the fourth edition of this exhibition, which is one of the largest demonstrations in the continent, will achieve a “great success” given its distinction from the previous editions, there is no guilt during the size of international participation and the position of Algeria as a host country.

The event represents “an important platform for marketing the true image of Algeria and highlighting its pioneering role The African Upper Egypt And the international, ”Mr. Rakash adds, stressing that all the parties concerned and the state’s interests have been recruited to make this economic station a success.

The agency, which chairs the sub -committee for investment and trade within the multi -sectors committee in charge of organizing the event, will have an active participation through several activities and activities organized by the way, as well as direct meetings with investors.

In this context, the same person responsible for the supervision of the agency revealed, tomorrow, Thursday, at the International Conference CenterAbdul Latif RahalDuring the opening activities of the exhibition, on organizing a forum for investment and trade under the slogan “Algeria: an emerging platform for investment and trade in Africa”, with the aim of promoting Algeria as a promising and distinct investment destination, thanks to its multiple ingredients, especially a promising economy with regard to growth, a stimulating legal framework, a modern infrastructure and a strategic geographical location.

During the forum, several sessions will be organized that deal with different axes, the most important of which are Business climate And the reforms that attract investment, promising sectors, investment opportunities, and the promotion of Algeria’s integration into African and global values, as the country is a link that can contribute to integration into these chains.

In addition, the strengthening of southern-south partnerships within the framework of the African continental free trade area (Zcalaf), as a platform for dialogue, exchange of experiences and building sustainable partnerships, adds the general manager of the agency.

The agency will also be organized, on Friday, at the Exhibition Palace B.Marine pine (Algiers), a miniature summit that brings together African investment upgrade agencies, in partnership with the African Bank for Import and Export (Africamanic) with the support of the World Association of Investment Promotion Agencies (WIPA), under the slogan “African investment upgrade agencies in the service of sustainable growth through innovation, digital transformation and integration of investment in global values ​​chains.”

This summit, which will take place with the participation of more than 30 African agencies and financing agencies, in addition to international experts, aims to enhance the role of investment upgrade agencies in embodying the African continental free trade area and developing digital strategies to facilitate business and capital movement and designing innovative financing mechanisms that take into account digital and ethical transformations.

It also seeks – according to it – to raise the capabilities of the agencies in evaluating projects and directing them towards quality and feasibility and supporting cooperation and coordination between promotion agencies through exchanging experiences and best practices.

In parallel with that, the agency – adds Mr. Rakash – will participate in the Algerian wing at the African Blind Trade Exhibition to introduce bBusiness climate In Algeria, available investment opportunities, and practical paths to embody projects and financing mechanisms in order to enhance the attracting African and foreign investments.