Algeria held a national conference on industrial revival in December 2021, bringing together more than 700 representatives of industry, businesses, public and private companies, financial institutions and academic research.
President Abdelmadjid Tebboune opened the conference. Its aim was to shape a strategy for industrial development to support national economic growth and bring industry stakeholders together around economic recovery goals.
Tebboune said the aim was to raise industry’s share of national output from 7% to at least 10%. He said this would help create jobs across the country and reduce industrial imports.
Proposed steps included helping complete unfinished or stalled projects, processing investors’ applications for incentives, simplifying administrative permits, and providing industrial land and financing. Restrictions had been lifted on 581 applications by 30 November 2021 and on a further 356 in the first week of December. The measures were expected to enable the creation of 75,000 jobs.
Workshops discussed support for domestic production and exports, improving the investment climate, financing projects and governance of public enterprises. Recommendations included attracting foreign investment, training qualified workers and establishing a national agency for industrial land.
Prime Minister Aïmene Benabderrahmane said the government would study the conference’s recommendations and implement them through a practical plan with clear objectives and timelines. He said preliminary figures showed more than 628 active business zones and 65 operating industrial zones across the country, covering a total area of over 27,000 hectares.
At the conference, special permits and operating certificates were issued for 26 investment projects that were ready but had not started for administrative reasons. The projects cover industry, agriculture, energy, construction, renewables, household waste processing, hospitals and hotels.
Translated from Arabic using artificial intelligence. Source: Prime minister
