Speaking at a meeting organized on Monday evening by the Algerian-German Chamber of Industry and Commerce, AHK Algeria, Mr. Belbrik announced that the ministry receives “a lot of investment requests” from “large-scale foreign companies” who want to “relocate to Algeria”.
These are companies from Europe, Malaysia, Turkey and China “who want to set up squarely in Algeria”, according to the manager. Mr. Belbrik insisted on the fact that Algeria has a lot of potential that must absolutely be developed, stressing that the Algerian economy “wants to stand out from the oil revenue, to produce and be more competitive, particularly in industry, and it must be able to export”. He also asserted, that all the conditions are met for Algerian and foreign companies to form partnerships to exploit the immense potential that Algeria holds, particularly in this international situation. In this sense, Mr. Belbrik praised the advantages that Algeria presents to interest foreign investors, in particular the very competitive energy prices, a qualified and inexpensive workforce, a lot of natural resources, an infrastructure existing base (roads, motorways, rails), proximity to Europe, and tariff dismantling with this continent. During this meeting devoted to the presentation of the results of AHK Algeria for the year 2022 and the outlook for the current financial year,
For her part, the German ambassador to Algeria, Elisabeth Wolbers, affirmed that her country, notably through the embassy, AHK Algeria, the GIZ and many other actors who are actively involved in the framework of bilateral economic relations, will continue to work so that companies can use their full potential in the interest of both economies. Ms. Wolbers stressed that energy transition and sustainable development were “at the heart of Algerian-German relations”, and that “good progress was made in these areas last year” marked by the celebration of the 60th anniversary of relations diplomatic relations between the two countries. During the year 2022, Algeria and Germany were able to “revitalize bilateral relations,
In addition, the Ambassador welcomed the improvements made to the legislative framework in Algeria with the adoption and entry into force of the new law on investment and the preparation of a new law on currency and credit. For her part, the general manager of AHK Algeria, Monika Erath, said she was “proud” that this body, supported particularly by the German federal government and the Ministry of Economy and Climate Protection, serves as a “bridge economic relationship between Germany and Algeria”. Ms. Erath welcomed the successful engagement of German companies in Algeria over many decades and “the confidence that Algeria places in cooperation with Germany”.
