President's assurances boost investment climate
During his speech, President Abdelmadjid Tebboune reaffirmed the state's commitment to combating opponents of change and providing a stable investment environment to foster economic growth. He emphasized the goal of transitioning from an economy reliant on hydrocarbons to a diversified free economy by 2027. He also highlighted support for honest investors, simplifying administrative procedures, strengthening sovereignty and energy security, and developing major projects such as the connection of the national grid. However, he pointed out that the private sector accounts for approximately 85-87% of the national economy and is a key partner in development efforts, with a focus on major infrastructure and strategic projects to ensure the sustainability of the economic transition.
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