Recherchers economiques manageriales
Volume 20, Numéro 1, Pages 412-432
2026-06-10
The Evolution Of Investment Legislation In Algeria
Authors : Guesmia Daheur . Noui Ahmed .
Abstract
The evolution of political, economic, and social conditions in Algeria has had a direct impact on the development of legal texts governing investment, particularly foreign investment. During the socialist phase, most legislative texts significantly restricted the scope of foreign investment, except within the framework of bilateral partnerships, due to the nature of the prevailing political system. In response to subsequent economic reforms, the Algerian legislator sought to adapt by enacting Investment Law No. 18/22, which introduced guarantees that foreign investors often consider far more important than the incentives and exemptions provided by the current legal framework. Although this law may be regarded as relatively encouraging for foreign investors, several other factors have contributed to the weakness of foreign investment inflows, most notably deficiencies related to governance and sound management practices.
Keywords
Evolution of Investment Laws ; Foreign Investment ; Incentives ; Exemptions ; Governance and Good Management Practices
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