As we know, the Algerian operating
facilities ANSEJ et CNAC are institutions that support the financing of
projects worth less than 10,000,000.00 Algerian Dinars or one billion centimes.
Thus, the National Agency for Investment Development (ANDI) has been established
to upgrade projects that exceed the previous amount according to the
specificities of the region and the project.
Thus, we have seen the definition of the
agency and all that relates to it through a series of episodes.
National Agency for Investment Promotion:
The Agency, which was established in the
framework of the first reforms initiated in Algeria during the 1990s, has
witnessed developments aimed at adapting to changes in the economic and social
situation of the country. Was transferred to this government institution, which
was originally called the agency of promotion, support and follow-up investment
from 1993 to 2000 and then became the National Agency for the development of
investment and the task of facilitating and promoting and taking investment.
The transition from the Agency for Promotion, Support and Follow-up of Investment to the National Agency for Investment Development has been reflected in the institutional and regulatory reform of:
· The establishment of the National
Investment Council, a body chaired by the Prime Minister with strategies and
priorities for development;
· Establishment of regional structures
for the Agency which contribute in consultation with local actors in regional
development. This contribution is in particular the provision of human and
material means to facilitate and simplify the work of investment;
• Establishment of an inter-ministerial
appeals committee to receive and dismiss investor complaints;
· Clarifying the roles of the different
stakeholders in the investment runway;
· Review of the investment incentive
system;
• Reduction of response times for
investors from 60 days to 72 hours;
· Cancel the self-financing limit
required to obtain benefits;
Simplify access procedures;
· Ease of application for benefits.
The National Agency for Investment Development works to provide services in accordance with international standards and standards with various international institutions and bodies such as:
· CNUCED for consultation and experience
on the examination of investment policy in Algeria;
· ONUDI to form and master agency
frameworks on investment project valuation methodologies;
· The World Bank for auditing the
context of institution-building and proposals for improvement measures under
the Doing Business program.
The functions of the National Agency for Investment Development are:
- Registration of investments,
- Promotion of investments in Algeria
and abroad,
- Promotion of regional opportunities
and potentials,
- Facilitating the practice of business
and follow up the establishment of companies and the completion of projects,
- Supporting, assisting and accompanying
investors,
- Media and awareness in business
meetings,
- Qualifying projects that are of
particular importance to the national economy, evaluating them and preparing
the investment agreement that is presented to the National Investment Council
for approval.
As part of our endeavor to clarify and
remove the blurring of the investment climate in Algeria, we will be announcing
many of the issues that are being raised in this endeavor.