Evening—Self-sufficiency as national pride
President Abdel Madjid Tebboune confirmed that Algeria is approaching self-sufficiency in hard wheat during this season, while reducing import bills by more than 1.5 billion dollars. This development strengthens food sovereignty and is considered a "miracle" in the agricultural sector. He pointed to successes in decreasing reliance on imports of products such as onions, garlic, and potatoes, thanks to improved economic conditions and infrastructure developments like electrical connectivity. Meanwhile, the meat sector still suffers from speculation, but the government has promised to combat it. The oil refining sector has achieved self-sufficiency in fuel and has begun exporting, with exports expected to grow after the Hassi Messaoud refinery begins operations. The industrial sector is also aiming for self-sufficiency in products like household appliances, with an ambitious goal of exporting around 30 billion dollars outside of hydrocarbons by 2029/2030, matching the country's oil revenue. Tebboune emphasized the importance of strategic projects such as the railway line between Algiers and Tamanrasset, which is expected to be completed in 2028. This will enhance transportation, economic distribution, and reinforce Algeria's role in African integration. In the water sector, Algeria continues to accelerate seawater desalination projects with the goal of making the country a global leader, achieving 62% reliance on treated water by 2029. He added that improving the business climate through the "single window" system and removing the country from the grey list of the FATF group boosts confidence and investment. Economic measures have also reduced inflation to 2% in 2026, down from over 11% previously.
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