Search for:

In brief

Current global geopolitical changes have opened up new prospects for Algeria. On the one hand, Algeria is being courted by Europe and redoubling its efforts to increase its energy offering to reap record profit amid high gas prices. On the other hand, additional gas revenues offer opportunities for Algeria to develop the local industry in order to reduce its dependence on imports and fossil energy in the long term, and create jobs and technological partnerships. But can Algeria effectively create a competitive and business-friendly climate to attract foreign investors?

To restore the confidence of existing investors and attract new business in the country, a number of legal reforms have been launched. Investors have been promised tax incentives, legislative stability, transparency, guarantees for the transfer of funds and less bureaucracy. The Algerian government hopes that the new legislative framework will convince foreign investors to invest in Algeria.

Key legislative changes and sticking points are highlighted here.

*This article was written by Celine Van Zeebroeck, ranked by Chambers Global 2022 as one of the best foreign experts (corporate/ commercial) for Algeria.


Michael Foundethakis acted as the global chair of Baker McKenzie’s Banking & Finance Practice Group from May 2017 to July 2020. He currently heads Banking & Finance in Paris and continues to act as global head of Project and Trade & Export Finance for the firm. Mr. Foundethakis is highly recommended as a leading banking and finance lawyer by Chambers Global, Legal 500, JUVE and IFLR. Additionally, he was the exclusive winner of the ILO Client Choice Award 2011 in Banking for Germany and again winner of the same award in 2017 in Banking for France. A team led by Michael Foundethakis was awarded Banking, Finance & Restructuring Team of the Year at The African Legal Awards 2015.


Céline van Zeebroeck is a special legal counsel in the Washington, DC office of Baker McKenzie. Prior to joining the Firm, initially in the Chicago office, Ms. van Zeebroeck spent time in Chile working on human right issues. She then worked as a commercial litigation and transaction lawyer in Brussels focusing on IP and antitrust matters. As a civil law lawyer and French speaker, Céline van Zeebroeck is instrumental in building relationships with correspondent law firms in French-speaking jurisdictions.

Write A Comment