On 4 June 2020, the Algerian Government enacted the Complementary Finance Act for 2020.This Alert summarizes the key fiscal and investment measures.Foreign Direct Investment (FDI) incentivesThe key FDI measures include:Establishment of an initial list for strategic sectors1 with retention of the 51/49 local majority shareholding rule. This majority obligation no longer applies to non-designated activities.Removal of the State’s pre-emption right as provided for under Law 16-09 dedicated to the promotion of investment.Nevertheless, it is specified that any transfer between foreign parties, of the share capital of an entity governed by Algerian Law and related to a strategic sector (as described below),...