Journan — Accueil

President Tebboune Sets 2027 as a Key Milestone for the Algerian Economy

During a meeting with economic operators at the Abdelatif-Rahal International Conference Center in Algiers on October 14, 2026, President Abdelmadjid Tebboune identified 2027 as a pivotal year for the nation's economic development. The President reiterated the commitment to economic diversification while preserving the state's social welfare nature. He noted that import costs have dropped from $62 billion to a range of $40-42 billion. Regarding energy, the country aims to halt gasoil imports by 2027 with the launch of the Hassi Messaoud refinery. In the agricultural sector, the goal is to achieve self-sufficiency in cereals by the end of 2027, with agriculture currently contributing 15% to the GDP. Furthermore, a new one-stop investment shop will open on January 1, 2027, to streamline administrative procedures. Looking ahead, the President highlighted that national pharmaceutical production now meets 84% of needs and announced plans for a fully Algerian-made vehicle by 2028.