Algiers – The Algerian government, under the leadership of Prime Minister Sifi Gherib, convened a meeting on Wednesday, October 29, 2025, to deliberate on a series of executive decrees aimed at fostering investment, enhancing transportation services for individuals with special needs, and monitoring the progress of new city projects. The session underscored the government’s commitment to economic diversification and social inclusion.
A key focus of the meeting was the examination of a draft executive decree designed to reduce interest rates and profit margins on bank loans earmarked for investment projects. This initiative seeks to level the playing field between various financing mechanisms and extend public support to include Islamic banking practices. The move is expected to stimulate private sector activity and contribute to sustainable economic growth.
The proposed decree incorporates a specific mechanism to further lower interest rates for large-scale investment projects. This measure is strategically designed to incentivize the financing of strategic and structuring projects that have a direct and significant impact on Algeria’s national economic growth. By offering more favorable financing terms, the government aims to attract both domestic and foreign investment in key sectors, promoting innovation and job creation.
Beyond economic considerations, the government also addressed social welfare issues during the meeting. A draft executive decree outlining the procedures for granting free or reduced-fare transportation to individuals with special needs and their companions was thoroughly discussed. This decree is being implemented in accordance with the provisions of Law No. 25-01, dated February 20, 2025, which mandates the provision of accessible transportation options for this segment of the population.
The primary objective of this measure is to empower individuals with special needs and facilitate their integration into social and economic life. The decree stipulates that individuals with disabilities will be entitled to free transportation on urban public transport networks or an 80% reduction in fares on other domestic transportation modes, depending on the degree of disability. This initiative reflects the government’s commitment to promoting inclusivity and ensuring that all citizens have equal access to essential services.
The discussions extended to include an update on the progress of the Sidi Abdellah new city project. This project is a key component of the government’s strategy to develop major urban centers across the country. The government is actively monitoring the progress of these projects to ensure that they are completed on time and within budget.
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The Sidi Abdellah project represents a significant investment in urban development and is expected to create numerous opportunities for employment and economic growth. The new city is designed to be a modern, sustainable urban center with state-of-the-art infrastructure and amenities. It is intended to attract both residents and businesses, contributing to the overall economic development of the region.
The government’s commitment to fostering investment is further demonstrated by its ongoing efforts to streamline bureaucratic procedures and improve the business environment. These efforts are aimed at making Algeria a more attractive destination for both domestic and foreign investors. The reduction in interest rates and profit margins on bank loans is just one of the many measures that the government is taking to support the private sector.
The focus on accessibility for individuals with special needs reflects the government’s commitment to social inclusion and equality. The provision of free or reduced-fare transportation is a significant step towards ensuring that individuals with disabilities have the opportunity to participate fully in all aspects of society.
The development of new cities is a key element of the government’s strategy for sustainable economic growth. These projects are designed to create new opportunities for employment and investment, while also addressing the challenges of urbanization and population growth. The Sidi Abdellah project is just one example of the government’s commitment to building a better future for all Algerians.
The outcomes of Wednesday’s government meeting signal a multi-pronged approach to national development. By incentivizing investment, improving accessibility, and developing new urban centers, the government is laying the foundation for a more prosperous and inclusive Algeria. Further details on the implementation of these initiatives are expected in the coming weeks, as the executive decrees are finalized and put into effect. The government hopes these measures will bolster economic activity, improve the quality of life for its citizens, and solidify Algeria’s position as a key player in the region.
