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New measure to encourage investment, employment already in force

ALGIERS- The new measure decided by the Government to encourage investment and employment in northern regions of the country has been already implemented at the level of the National Agency for Investment Development (ANDI), said Wednesday the agency’s General Manager Abdelkrim Mansouri.

The new measure, which grants tax exemption for five year to investors who will create more than 100 jobs, has been already implemented at all ANDI offices, Mansouri told APS.

This new measure; which is in line with the other measures decided by the Government to encourage investment in Algeria, including the measures meant for southern and High Plateaux provinces, "will boost investment and create new jobs and businesses," he said.

The objective of the measure, defined by the executive decree of 5 June 2013, "is to encourage companies to invest in high added-value projects likely to generate direct and permanent jobs and contribute to curbing unemployment," he added.

(APS) Wednesday 24 July 2013

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