Algeria secures $5bn foreign investment at trade event

Algeria secured nearly $5 billion in foreign direct investment into the energy and steel industries from countries including China and the US at an African trade exhibition held this month.

Billel Bensalem/APP/NurPhoto via Reuters Connect | Algiers, where the AAPI African trade event was held from September 4-10

• Deals secured at African trade show

• Government agency signs deals

• Agreements with 31 countries

The Algerian Agency for Investment Promotion (AAPI), which was created by the government three years ago to spur capital inflow, did the deals at an event in the capital Algiers in early September.

AAPI director general Omar Rekkache said the agency signed contracts worth more than $11.4 billion, including $5 billion in FDI and the rest in commercial deals.

Algeria accounted for nearly 24 percent of the $48 billion worth of deals agreed during the event, Rekkache said on the AAPI Facebook page.

AAPI made agreements with 31 countries including China, the US, Germany, Canada and a number of African countries, Rekkache said.

Gas-rich Algeria has launched a drive to attract capital as part of reforms recommended by the International Monetary Fund to stimulate growth and ease its reliance on oil.

AAPI said in a report this year that incentives to foreign investors had helped attract a total capital of nearly $43 billion in just over two years.

The agency reported that it has registered 12,843 projects up until March 2025 with a total value of around DZD5.8 billion ($44.5 billion).

Foreigners pumped nearly $8.9 billion into 235 large industrial projects during the period between November 2022 and last month, the AAPI said.

“These investments covered various sectors in the country and have the potential to provide more than 316,000 jobs to Algerians,” it added.

By Nadim Kawach

September 26, 2025, 2:22 PM