As part of its strategy to strengthen international economic partnerships, Algeria recently launched an investment promotion mission in Spain. Leading this effort, Omar Rekkas, Director General of the Algerian Agency for Investment Promotion (AAPI), headed a delegation that included representatives from the European Union in Algeria and experts from the consulting firm GINGER SOFRECO. The goal? To win over Spanish investors and showcase the opportunities available in the Algerian market.
According to a statement released by the AAPI on Saturday, March 1, 2025, this visit to Spain is part of the “Partnership for Sustainable Investment” project, launched by the Ministry of Foreign Affairs in collaboration with the European Union. It reflects Algeria’s determination to attract foreign capital and diversify its economy through strategic partnerships.
On February 26, 2025, in Valencia, Omar Rekkas met with the presidents of the chambers of commerce and industry of Valencia, Castellón, and Alicante. During this meeting, he highlighted the reforms Algeria has implemented to improve its business climate, including streamlined administrative procedures and tax incentives for foreign investors.
Key sectors such as energy, industry, agriculture, and new technologies were emphasized. Participants welcomed the initiative, describing it as a significant step toward enhancing economic cooperation between the two countries.
Algeria’s Investment Climate Explained to Spaniards
The mission continued in Barcelona, where, on February 28, 2025, Omar Rekkas led a workshop titled “The Investment Climate in Algeria.” Organized in partnership with the Association of Mediterranean Chambers of Commerce and Industry (ASCAME) and the Association of International Industrial Companies (AMEC), the event brought together Spanish business leaders, institutional representatives, and the Consul General of Algeria in Barcelona.
During this roundtable, Rekkas underscored the advantages Algeria offers to foreign investors, including political stability, modern infrastructure, and growth potential. Sectors like renewable energy, logistics, and agri-food particularly captured the attendees’ interest.
This visit to Spain is part of a broader effort to foster economic ties between Algeria and Spain, two nations with deep historical and cultural connections. It highlights Algeria’s commitment to opening up to foreign investment and diversifying its economy through strategic partnerships.
