Journan — Accueil

President Tebboune highlights Algeria's economic transformation and 2027 growth goals

President Abdelmadjid Tebboune, addressing national economic operators in Algiers, emphasized that Algeria is undergoing a major shift toward a productive, free economy, shedding its former dependence on oil revenues and uncontrolled imports. The President highlighted Algeria's status as the third-largest economy in Africa and underscored significant progress in local production, notably meeting 84% of national medicine requirements. He also set ambitious targets for 2027, including self-sufficiency in cereal production and the continued expansion of the industrial and agricultural sectors. President Tebboune reiterated his commitment to maintaining the state's social role while fostering a robust investment climate, supported by new regulatory bodies and streamlined procedures. He called for continued efforts to boost non-hydrocarbon exports and ensure national market stability.