Algiers – President Abdelmadjid Tebboune called on Algerians living abroad to invest in their home country, highlighting the favorable provisions of Algeria’s new investment law, which guarantees legislative stability for the first time.
Investment Opportunities and Legislative Stability
In his address to the nation from the Palace of Nations, President Tebboune stated:
“I invite Algerians abroad to invest in their country. Invest in your homeland and stand against those who oppose it. The investment law will not change for the next 10 years.”
He emphasized Algeria’s robust economic and financial indicators, which have received international recognition, and projected that Algeria is on the path to joining the ranks of emerging economies within months.
Role of Youth in Economic Development
The President highlighted the critical role of youth in driving Algeria’s economic progress, particularly through startups. He commended young entrepreneurs for their contributions to various sectors and for prioritizing local production, stating:
“Our youth represent a new generation with clean intentions and honest practices, far removed from the corrupt practices of the past.”
A Promising Economic Outlook
Tebboune reassured the diaspora of Algeria’s commitment to creating a stable and attractive investment environment, underpinned by solid economic performance and forward-looking policies.
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Author: Nor-Eleslam
