The Algerian Investment Promotion Agency (AAPI) continues its efforts to make new affordable land parcels available to investors in various sectors and regions across the country, offering a new batch of 75 land parcels in the new city of Boughezoul, located in the provinces of Djelfa and Médéa. In an official statement released the day before yesterday on its social media channels, the Agency—which serves as the government’s administrative arm for supporting and promoting investment—is inviting project developers interested in accessing this new offering of land parcels within the government’s private domain to submit their applications via its digital investor platform, the sole channel for managing and accessing land designated for investment since its establishment and official launch in February 2024. Available on this same platform for a period of 30 days, these new plots, according to the AAPI press release, are mostly industrial in nature and specifically intended for sectors such as the pharmaceutical, electrical, and electronics industries, as well as new energy, storage, and research and development. Once the one-month period for consultation and access to this new land offering on the investor platform has elapsed, applications submitted by potential investors, the statement notes, “will be reviewed and processed digitally in accordance with the project evaluation criteria, as provided for in the provisions of the executive decree establishing the conditions and procedures for granting concessions convertible into transfers of economic land within the private domain of the State and intended for the implementation of investment projects.”
Shifting into High Gear
It should be noted that, since the beginning of this year, the AAPI has been working—according to statements by its officials—to maximize the availability of affordable land for investment by “shifting into high gear in processing investor applications” and by ensuring that it “expands its portfolio of available land parcels,” as well as “creating new industrial and business zones” to best meet “the strong demand from project developers.” The Agency is also continuing its efforts to streamline administrative and regulatory procedures to facilitate more flexible and faster processing of investment applications, focusing particularly on eliminating all administrative red tape and addressing, with full transparency and fairness, the requests and needs of project developers, relying in particular on a centralized and digitized process for accessing land and other benefits provided for by the new legislation in force. In this regard, the aim is to eliminate all forms of speculation that were prevalent in the past—particularly regarding access to land—and thereby ensure that serious project proponents and productive investments that generate added value and create new jobs are targeted and prioritized, while remaining aligned with the objectives of the national strategy to improve the business climate and develop strategic sectors to accelerate the diversification of the domestic economy. More recently, it should be noted in this same vein that the AAPI undertook to clean up its records of economic land beneficiaries by announcing to investors who had received provisional land allocation decisions but had not yet finalized the procedures for the definitive registration of their projects, the implementation of a process to “cancel these decisions and reallocate the plots in question to other investments ready to enter the implementation phase.” This procedure aims to reserve economic land within the State’s private domain for genuine investors with the actual capacity to launch their projects quickly once the required authorizations are obtained, the goal being to best encourage investment while ensuring the proper management of State assets and the appropriate allocation of available land.
Source L’algerie Aujourd’hui
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