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AL24 News
Algerian president aims for diversified economy
The article focused on Algerian President Abdel Madjid Tebboune’s commitment to building a diversified economy oriented towards local production by 2027, aiming to reduce reliance on imports and boost national industry. The president explained that there is a plan to decrease imports by between 40 and 42 billion dollars and to achieve 84% self-sufficiency in pharmaceuticals by that year. Tebboune also announced the nation’s dream of producing an Algerian-made car by the end of 2028, in the presence of foreign partners from Germany and Italy, with an emphasis on integrating locally manufactured components such as gearboxes and wheels. The government stresses the importance of strengthening local industries and developing the agricultural sector to bolster the national economy and reduce dependence on natural resources and foreign imports.
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