Constantine – President Abdelmadjid Tebboune affirmed on Thursday in Constantine that the dynamism within Algeria’s housing sector positions it as a leading economic indicator for national development.
During his visit, President Tebboune highlighted the significant progress and investment in housing projects across the country. He emphasized that the rate of construction and the government’s commitment to providing affordable housing options are directly contributing to economic growth and social stability.
“The housing sector is not merely about building structures; it’s about building communities and fostering economic opportunity,” President Tebboune stated. “Our focus is on ensuring that every Algerian family has access to decent and affordable housing, which in turn stimulates economic activity and creates jobs.”
The President also noted the importance of utilizing local resources and expertise in the construction sector. He called for increased collaboration between government agencies, private developers, and local communities to ensure the efficient and sustainable development of housing projects.
This commitment to the housing sector reflects the government’s broader strategy to diversify the economy and reduce reliance on hydrocarbons. By investing in infrastructure and creating opportunities for small and medium-sized enterprises in the construction industry, Algeria is laying the foundation for long-term economic prosperity.
The President’s remarks underscore the critical role of the housing sector in achieving Algeria’s national development goals. As the country continues to invest in housing and infrastructure, it is poised to see further economic growth and improved living standards for its citizens. The housing sector will continue to be a bellwether of Algeria’s progress.
