Tebboune: 2027 Key for Algeria Economy

The article focused on Algeria's efforts to transform its national economy by 2027, with the country expected to enter a critical phase of strengthening domestic production and increasing exports outside of hydrocarbons, while maintaining the country’s social character. President Abdel Madjid Tebboune confirmed that Algeria aims to shift from a managed economy to a free market economy, with the private sector accounting for more than 85%. Significant changes include reducing imports by approximately $40-42 billion, gradually freeing the country in fuel and pharmaceutical production, increasing the industrial sector’s contribution to GDP by 10% in 2026, and striving for self-sufficiency in strategic materials by 2027. Large industrial projects are also underway, including the manufacturing of cars by 2028. Algeria aims to raise its exports to $30 billion by 2030, develop infrastructure and connectivity with neighboring countries, support investors, and strengthen the single-window system for investment.

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