Algiers – Kamal Moula was unanimously re-elected as the head of the Algerian Economic Renewal Council (CREA) for a second three-year term, it was announced today in Algiers.
The decision, made during a meeting of the CREA, reaffirms the confidence placed in Moula’s leadership as the council continues its efforts to revitalize and diversify the Algerian economy. The CREA plays a crucial role in advising the government on economic policy and promoting investment across various sectors.
Moula’s re-election comes at a pivotal time for Algeria, as the nation seeks to implement ambitious economic reforms aimed at reducing reliance on hydrocarbons and fostering a more sustainable and competitive business environment. His previous term saw the CREA actively involved in initiatives to improve the investment climate, support small and medium-sized enterprises (SMEs), and encourage innovation.
Analysts believe that Moula’s continued leadership will provide stability and continuity to the CREA’s work, ensuring the effective implementation of ongoing projects and the development of new strategies to address the evolving economic challenges facing Algeria. The focus is expected to remain on attracting foreign investment, promoting local production, and creating employment opportunities for Algerian youth.
The Algerian Economic Renewal Council is a key institution in the country’s economic development strategy, bringing together representatives from the public and private sectors to collaborate on initiatives that drive growth and prosperity. Moula’s re-election signals a commitment to building on the progress achieved in recent years and accelerating the pace of economic transformation.
