Tebboune: 10,000 Investment Projects Underway in Algeria

Algerian President Abdelmadjid Tebboune explained that the Algerian Agency for Investment Promotion has recorded approximately 10,000 diverse investment projects, including small, medium, and large projects. These initiatives aim to support national production, create job opportunities, and strengthen hard currency reserves. He also noted the registration of 300 foreign investment projects, reflecting investor confidence and the attractiveness of the Algerian economy, contributing to increased production capacity and the generation of new employment opportunities. Additionally, he discussed the progress of phosphate development projects, including the railway line and the Annaba port, which are expected to be completed by the end of the year or early 2027 respectively, with the goal of valorizing the resource and boosting export capabilities.

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