Meeting of government-governors: Unifying legal system governing investment

September 28, 2021

ALGIERS- The participants in a workshop on “Examining ways and means of reviving investment and creating wealth and sustainable job opportunities”, within the framework of the government’s meeting with the governors, unanimously agreed on the need to unify the legal system that governs investment in a single text that includes all aspects.

ALGIERS- The participants in a workshop on “Examining ways and means of reviving investment and creating wealth and sustainable job opportunities”, within the framework of the government’s meeting with the governors, unanimously agreed on the need to unify the legal system that governs investment in a single text that includes all aspects.

The organizers of the workshop recommended the necessity of making this text a means to fill the legal loopholes in the current system and attaching it to an arsenal of regulatory texts pending the issuance of the new investment law.

The workshop suggested settling the outstanding files before the end of 2021 through an organizational text and a joint ministerial instruction aimed at studying and settling the files and disseminating them through a provincial committee.

The workshop also stressed the need to create a unified window for investment representing the relevant departments to present the investment file to them.

The workshop also recommended reviewing Law 02/02 related to coastal protection, which constitutes an obstacle to tourism investment, and assigning tourism directorates and the rest of the directorates to approve plans instead of ministerial committees.

The participants in the workshop also called for displaying the assets of economic public institutions through a public auction instead of granting them through direct concession and consent to attract effective investors.

The establishment of mini-activities areas for youth through interest-free loans was another proposal for this workshop, considering these areas as a means to intensify economic activity and create local mobility.

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