The work of the 11th edition of the Africa Investment and Trade Forum, with the participation of about 1,000 economists, investors and experts from 43 countries from Africa, the Middle East and Europe, was launched in the capital, on Saturday, in addition to 200 exhibitors for various economic sectors.
The forum, which is organized this year under the title “African integration and prosperity”, according to those in charge of it, aims to provide the appropriate conditions for gathering investors, financial institutions, experts and international decision -makers, to discuss ways to enhance African economic integration, develop agriculture, industry, energy, and digital transformation.
During his speech, by the way, the Minister of Foreign Trade and Export Promotion in Algeria, Kamal Raziq, called on all investors, businessmen and holders of Algerian and African projects, to seize the improvement of the economic and investment environment to build investment and commercial partnerships, noting that the next decade will be “the twelve of Algeria and Africa”.
On the sidelines of the member, the Director General of the Algerian Agency for the Promotion of Investment, Omar Rakash, said that Africa, despite its demographic and economic weight, represents only 15% of the total continental exchanges.
Rakash stressed that the inter -investments do not exceed 12 % of the total foreign direct investment, and added that more than 70 % of the investment flows come from outside the continent.
The Director General of the Algerian Agency for the Promotion of Investments stressed that these data indicate that achieving actual economic integration requires overcoming several challenges, including weak transportation and logistical infrastructure in some areas, customs obstacles, and the lack of local manufacturing capable of responding to internal demand instead of excessive dependence on import.
The forum will extend for two days, and it will be presented in it several workshops, and will also witness offers from many Algerian and African companies for products and industries for the countries of the continent.
