Algeria is on the cusp of a new economic era, fueled by large-scale strategic projects poised to come online soon. These initiatives are designed to bolster the national economy and position Algeria as a key player in international markets.
Foremost among these is the Gara Djebilet iron ore project and the Bled El Hadba phosphate project in Tebessa. These projects are fundamental to strengthening the national economy through a comprehensive vision for exploiting natural resources. This strategic approach aims to make Algeria a pivotal force in international commodity markets experiencing increasing demand.
Significant strides have also been made in infrastructure development. The Bechar-Tindouf mining railway line, completed in just a year and a half, is set to begin operations shortly. Another railway line, currently under construction, will transport phosphate from Tebessa to Annaba. These infrastructure improvements will facilitate the efficient transport of valuable resources.
Furthermore, the construction of seawater desalination plants to supply several provinces with potable water marks a historic achievement, significantly enhancing national water security. This development addresses a critical need and ensures a sustainable water supply for the population.
These projects, executed with national expertise and advanced technologies, represent a source of pride for the new Algeria. They have also paved the way for the growth of start-up companies. The country currently boasts 10,000 start-ups, with a target of reaching 20,000 by 2029. This expansion fosters innovation and entrepreneurship among young people, supported by a revitalized investment climate that has attracted over 17,000 investment projects.
The housing sector is also experiencing rapid growth, serving as a vital economic indicator. This progress is part of an effective social policy inspired by the principles of the November 1, 1954 declaration, aimed at ensuring a dignified life for all citizens.
