Algeria’s National Investment Fund (FNI) has announced the creation of a major national technology hub in partnership with four leading ICT companies, including Optimum Télécom Algérie (Djezzy). The initiative is a central pillar of the country’s National Digital Transformation Strategy 2030 and aims to establish Algeria as a formidable digital leader in the region.
A Strategic Shift For National Investment
This landmark project signals a turning point for the FNI, which is expanding its role from solely financing strategic projects to actively shaping and enabling Algeria’s digital ecosystem. The new hub will serve as both an investment platform and an innovation enabler, pooling critical resources, infrastructure, and expertise to deliver high-impact digital solutions across the country. The agreement was signed by FNI CEO Salah Labani and executives from partner companies Optimum Télécom Algérie, IT-DEV Spa, Inet Spa, and Smart Test Spa.
Modernizing Finance and Fostering Innovation
The hub’s initial focus will be on the modernization of Algeria’s financial sector, a critical step in the country’s broader economic development. Beyond finance, the initiative will lay the groundwork for a widespread digital transformation across state institutions and private enterprises. A key objective is to foster a stronger entrepreneurial environment by supporting SMEs and startups in the telecommunications and innovation sectors.
Building A Regional Digital Powerhouse
The ambitions of the technology hub extend beyond Algeria’s borders. A primary long-term goal is to position the country as a regional and international digital powerhouse by exporting advanced ICT services and solutions. By stimulating investment and driving innovation, the project aims to firmly embed Algeria into global technology value chains, creating a digitally empowered and competitive future.
About The National Investment Fund (FNI)
The National Investment Fund (Fonds National d’Investissement – FNI) is a sovereign strategic investment fund of the Algerian state. It was established to finance major national development projects, support key economic sectors, and contribute to the long-term growth and diversification of the Algerian economy. The FNI plays a crucial role in funding infrastructure, industrial, and technology projects of national importance.
Source: MEA TechWatch
