Algerian President: Economy advances steadily
The article focused on Algerian President Abdelmadjid Tebboune's review of the positive developments achieved in the national economy over the past few years. It highlighted a significant improvement after a period when the economy heavily depended on oil revenues and reckless import policies. The report emphasized that Algeria has reduced the import of many products, such as gasoline, kerosene, and diesel, and has shifted towards achieving self-sufficiency in sectors like pharmaceuticals, agriculture, and industry. There has been a 10% increase in the contribution of the industrial sector and notable progress in automobile production, with plans to produce fully Algerian-made cars by 2028. Additionally, the article noted that imports have decreased to between $40 and $42 billion, with continued economic growth assured while maintaining market stability and preventing economic shocks. The focus remains on reducing dependence on hydrocarbons and developing non-oil sectors, aiming to establish a strong and balanced economy by 2027.
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