EFFECTIVENESS OF THE INVESTMENT LEGAL FRAMEWORK IN ALGERIA: EVALUATING ATTRACTION MECHANISMS AND PROSPECTING DEVELOPMENT OPPORTUNITIES IN LIGHT OF RECENT LEGISLATION

Abstract

 This study addresses the assessment of the effectiveness of the Algerian Investment Law No. 22-18 of 2022 in improving the business climate and attracting domestic and foreign investments ; The law provides qualitative enhancements, including targeted investment incentives, a “single window” mechanism to simplify administrative procedures, and the possibility of concluding investment agreements for strategic projects. Despite these legislative gains, the implementation of the law faces practical challenges, such as ongoing administrative complexities, ownership restrictions in strategic sectors, delays in issuing implementing decrees, and structural economic issues. The study adopts a mixed methodology combining descriptive legal analysis, quantitative assessment of investment indicators, and comparative review with international best practices, to identify the gap between legal texts and practical application. The results highlight the significant potential of the law to enhance investment attractiveness, while emphasizing the need to develop institutional capacities, digitize procedures, and carry out structural reforms to strengthen a competitive investment environment.