ENCOURAGING INVESTMENT IN ALGERIA BETWEEN INCENTIVES AND CHALLENGES – A REVIEW OF SUCCESSIVE INVESTMENT LAWS
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Abstract
Encouraging private national investment and attracting foreign investment requires the liberalization and optimization of the business environment to benefit the national economy and facilitate both domestic and international trade. Although the state has pursued this objective since the economic opening and transition to a market economy following the 1989 Constitution, the implementation of legal frameworks governing investment has not met the desired goals. Despite numerous incentives and the diverse range of high-quality investment opportunities available in Algeria, this failure can be attributed to several legal factors, including the fragility of upholding fundamental investment principles such as freedom, equality, transparency, and legislative stability. Additional challenges stem from security, economic, and political factors, which need to be addressed to initiate a serious effort to stimulate investment in Algeria. This paper examines successive investment regulations, highlighting both achievements and shortcomings, and identifies the true reasons impeding the realization of a promising economic activity that could position Algeria as a secure investment destination.
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