ANDI: Foreign direct investments increased significantly in 2013

The foreign direct investments (FDIs) increased significantly in 2013, said Tuesday inAlgiers the Director General of the National Agency for Investment Development(ANDI), Abdelkrim Mansouri.Speaking on the National Radio, Mansouri said that nearly 65 FDI projects wereregistered with ANDI in 2013, against only 17 projects in 2012.Mansouri explained that the "high FDI inflows are an implicit recognition fromforeign investors that Algeria has become the most attractive region."The attractiveness of the national economy for foreign investors has been increasedby "several determining factors," according to Mansouri.In this respect, he underlined Algeria's macroeconomic soundness, stability of legalframework, support and incentive measures, and the availability of substantialfunds.Insisting on the stability of the regulatory framework governing the act of investing,ANDi's director general said that the agency allows investors to have the legibility toinvest safely and confidently in Algeria.