Algiers – Minister of the Knowledge Economy, Startups, and Micro-enterprises, Noureddine Wadhi, presented a comprehensive strategy for transitioning Algeria towards a knowledge-based economy before the National People’s Assembly’s (APN) Committee on Economic Affairs, Development, Industry, Trade, and Planning on Thursday.
The Minister detailed the key features of the strategy, which is structured around a three-phased timeline, according to a statement released by the APN. The presentation aimed to provide a clear roadmap for shifting Algeria’s economic focus towards innovation, technology, and knowledge-driven industries.
The proposed strategy underscores the government’s commitment to fostering a dynamic and competitive economic environment that leverages the country’s intellectual capital. It emphasizes the importance of investing in education, research and development, and technological infrastructure to create a fertile ground for innovation and entrepreneurship.
Minister Wadhi highlighted the crucial role of startups and micro-enterprises in driving this economic transformation. The strategy outlines measures to support the growth and development of these businesses, including access to funding, mentorship programs, and streamlined regulatory processes. The goal is to empower Algerian entrepreneurs to create innovative solutions and contribute to the country’s economic diversification.
The APN Committee members engaged in a thorough discussion with Minister Wadhi, raising questions and providing feedback on the proposed strategy. The committee’s input will be instrumental in refining and implementing the plan effectively. The transition towards a knowledge economy is viewed as a critical step in ensuring Algeria’s long-term economic prosperity and competitiveness on the global stage.
DZWatch will continue to provide updates on this developing story.
