Solis Spearheads Algeria''s Clean Energy
As the world''s 3rd-largest PV inverter manufacturer, Solis is forging ahead in the African market. Driven by the mission “developing
Algerian government officials frequently encourage U.S. companies to invest in Algeria with particular focus on agriculture, information and communications technology, mining, hydrocarbons (both upstream and downstream), renewable energy, and healthcare.
Algeria does not restrict domestic investors from investing overseas, though the heavily regulated process for accessing foreign currency creates barriers to Algerian investment abroad.
Companies selling, assembling, or producing vehicles locally may only produce or sell gasoline engine vehicles as the regulation bans diesel vehicles. All dealers/producers must offer at least one electric vehicle model to the Algerian market by the end of the fifth year of their authorization.
The Algerian Company of Insurance and Guarantees to Exporters (CAGEX), also housed under the Ministry of Commerce, provides insurance to exporters. Algerian exporters claim difficulties working with ALGEX including long delays in obtaining support funds, and the lack of ALGEX offices overseas despite a 2003 law for their creation.
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