Legal Mechanisms for Promoting Thermal Tourism Investment: Case Study of Algeria

Abstract

This study aims to elucidate the legal mechanisms that foster investments in thermal tourism by providing a conducive legal investment climate essential for the development and promotion of thermal tourism, thereby transforming it into a real tool for the country's economic development. Given Algeria's significant potential in this field, highlighted by 282 thermal springs with therapeutic properties, these assets position Algeria as a regional and international hub for thermal tourism.

This potential for development is facilitated by the implementation of a thermal tourism development plan, with the nation striving to utilize these assets and encourage investment through creating a favorable environment as stipulated by Law No. 22-18, which includes incentives and guarantees, and the establishment of the Algerian Investment Promotion Agency.