Incentive systems as a mechanism to encourage investment in the light of Law 22/18 related to investment
Incentive systems as a mechanism to encourage investment in the light of Law 22/18 related to investment
DOI:
https://doi.org/10.36540/zp8jx537Keywords:
investment, incentive systems, regions, sectors, structured investmentsAbstract
Algeria has gave a great importance to investment, as a strategic factor in advancing economic development. So it approved many successive legal texts for it, which carried a number of guarantees and benefits for both national and foreign investors.The latest of which was Law No. 22/18 related to investment, created incentive systems that are in line with the development plans of the state.
The importance of these systems is evident in directing investors to priority sectors, as well as motivating them to reach areas that the state gives special importance to. Which allows wealth creation and diversification of income sources. However, although these systems are effective in encouraging investment and attracting capital. Its effectiveness remains limited unless it is supported by a comprehensive service infrastructure for different regions and sectors.
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