Journan — Accueil

President Tebboune highlights economic diversification and investment growth

During a meeting at the International Conference Center, President Abdelmadjid Tebboune emphasized that the positive trends in non-hydrocarbon GDP demonstrate the effectiveness of Algeria's economic diversification strategy and recent legal reforms aimed at boosting investment. The President reiterated the state's firm commitment to supporting economic operators across all regions. Kamel Moula, head of the Algerian Economic Renewal Council (CREA), highlighted the structural transformation of the economy, predicting a growth rate of 4% while underscoring the importance of food sovereignty. Furthermore, Minister of Finance Mohamed Lamine Lebbou projected an economic growth exceeding 4% by 2026, driven by a 20% rise in domestic investment and increased bank financing, alongside a growing contribution from the industrial sector to the GDP.