24 Hrs
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AL24 News
Algerian President Aims for 50B Dollar Income
Algerian President Abdelmadjid Tebboune confirmed that Algeria's annual economic growth is expected to range between 4.01 and 4.02 percent, thanks to the solid foundations of the national economy. He also indicated that the country's economy could reach a value of $400 billion during the first quarter of 2027, thanks to exploration and investment in mines such as the phosphate mines in Ouarsas and Jebel Jbilat. He projected that the growth rate would exceed 3.8 percent and may reach 4.1 percent in 2026. The aim is to achieve a sustainable annual income of at least $50 billion by 2031. Algeria continues its efforts to reduce import bills and expand domestic industries, especially in pharmaceuticals and steel, while ongoing oil exploration and drilling support the national economy.
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