Kamel Moula, head of the Algerian Economic Renewal Council, stated during a national business gathering that Algeria has achieved a significant structural shift in its economy following the COVID-19 pandemic. This progress, recognized by global financial bodies like the IMF and the World Bank, resulted from combined state initiatives and corporate responsiveness. Moula highlighted the effectiveness of bold legislative reforms, including the new investment law and banking sector restructuring. Furthermore, he emphasized the need for strict measures against fraudulent practices to ensure fair competition. He also pointed to major strategic projects, such as the Gara Djebilet iron mine and integrated phosphate initiatives, as key drivers for future industrial expansion.